Edison Intl Q4 EPS $1.28 Beats $1.16 Estimate, Sales $3.71B Miss $4.09B Estimate
Portfolio Pulse from Happy Mohamed
Edison Intl (NYSE:EIX) reported Q4 earnings of $1.28 per share, surpassing the $1.16 estimate, marking an 11.3% increase from last year. However, their quarterly sales of $3.71B fell short of the $4.09B estimate, a 7.72% decrease from the previous year.
February 22, 2024 | 9:32 pm
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Edison Intl reported higher-than-expected Q4 earnings but missed on sales estimates, indicating mixed financial performance.
The positive earnings beat suggests operational efficiency and could boost investor confidence in Edison Intl's profitability. However, the miss on sales forecasts may raise concerns about revenue growth and market demand, potentially offsetting the positive impact on the stock price. Given these mixed signals, a neutral short-term price direction is anticipated.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100