Edison Q3 Adjusted EPS of $0.14 Crushes Estimates as Revenue Falls 15%
EIX sits 16% above its 52-week low of $51.1.
Summary
Edison posted Q3 adjusted EPS of just $0.14 against a $1.81 consensus — a wide miss — while revenue fell 15% to $4.89 billion versus $5.36 billion expected. Reported GAAP EPS was $1.87 and net income $724 million, so the gap between adjusted and reported figures is the story. This lands on top of a brutal stretch: shares fell 24% in a single day in late August on wildfire liability fears, Muddy Waters disclosed a short position in mid-October, and the company faces at least $4 billion in Eaton Fire settlement liabilities. The 10-Q filed tonight confirms $1.8 billion of Eaton Fire settlements with $1.85 billion of identified recoveries, but total fire losses remain unestimable with trial dates set for 2027. Five analysts cut estimates in the last 30 days and the consensus rating sits at hold with a $62 median price target.
At the time of this announcement, EIX was trading at $59.35 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $22.9B. The 52-week trading range was $51.10 to $81.62. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.