Edison International Earnings Preview: Analysts Expect Rising Revenue

Edison International EIX releases its next round of earnings this Thursday, August 4, 2011. Get prepared with Benzinga's ultimate preview for Edison International's second quarter earnings.

Earnings and Revenue:

Based on estimates, investors are readying for a positive EPS reading of 49 cents/share and revenues of $3.02 billion. Edison International's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 62 cents/share on revenues of $2.74 billion. We'll have to wait for Thursday to see if Edison International reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance:

As of July 29, 2011, Edison International's current share price was $38.07. Shares are up 0.3% year to date. For a full 12 months, the return has risen by 10.2%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Edison International is a Hold. This rating has strengthened slightly over the past ninety days.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Edison International's peers.

• Constellation Energy Group CEG: Hold with a $0.63 recent quarter EPS
• FirstEnergy FE: Hold with a $0.68 recent quarter EPS
• Hawaiian Electric Industries HE: Hold with a $0.30 recent quarter EPS
• NV Energy NVE: Hold with a $0.01 recent quarter EPS

Edison International is in the utility-electric power industry, which has experienced price/earnings growth of 22.1%.

Finally, a description of the company's main areas of operation: Through its subsidiaries, Edison International generates and distributes electric power and invests in infrastructure and energy assets, including renewable energy.

Take Action:

Now that you have reviewed all the numbers, be ready to move if the upcoming Edison International earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.

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