Edison International Earnings Preview: Analysts Expect Rising Revenue, Falling EPS

Edison International (NYSE: EIX) unveils its next round of earnings this Wednesday, November 2, 2011. Get prepared with Benzinga's ultimate preview for Edison International's third quarter earnings.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.27/share and revenues of $4.28 billion. Edison International's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.46/share on revenues of $3.79 billion. We'll have to wait for Wednesday to see if the company 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:

Shares of Edison International were trading at $41.30 as of October 27, 2011. Shares are up 9.8% year to date. For a full 12 months, the return has risen by 9.7%. 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 is a Moderate Buy. The strength of this rating has risen over the past three months.

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 (NYSE: CEG): Hold with a $0.76 recent quarter EPS
• FirstEnergy (NYSE: FE): Moderate Buy with a $0.64 recent quarter EPS
• Hawaiian Electric Industries (NYSE: HE): Hold with a $0.28 recent quarter EPS
• NV Energy (NYSE: NVE): Moderate Buy with a $0.05 recent quarter EPS

The utility-electric power company's industry has seen price/earnings growth of 28% during the current fiscal year.

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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