Edison EIX reported its Q4 earnings results on Thursday, February 24, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Edison beat estimated earnings by 11.54%, reporting an EPS of $1.16 versus an estimate of $1.04.
Revenue was up $174.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 1.16% drop in the share price the next day.
Here's a look at Edison's past performance:
|Quarter||Q3 2021||Q2 2021||Q1 2021||Q4 2020|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Edison management provided guidance for their next quarter, expecting earnings between $4.4 and $4.7 per share for the next quarter.
This represents a 292.24% in quarter-over-quarter growth for Edison, a bullish signal to many investors.
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