Edison International (EIX - Free Report) reported third-quarter 2018 earnings per share of $1.56 from continuing operations, beating the Zacks Consensus Estimate of $1.31 by 19.1%. The bottom line also increased 9.1% from $1.43 in the year-ago quarter.
Excluding adjustments, the company reported quarterly earnings of $1.57 per share compared with $1.44 in third-quarter 2017.
Total Revenues
Edison International's third-quarter revenues came in at $4,269 million, surpassing the Zacks Consensus Estimate of $3,618 million by 18%. Moreover, the top line improved 16.3% from the year-ago quarter’s $3,672 million.
Operational Highlights
In the reported quarter, total operating expenses increased 13.2% to $3,530 million, mainly on account of higher purchased power and fuel expenses (29.3%). Meanwhile, operation and maintenance costs dropped 6.5%. Depreciation and amortization expenses declined 11% and property and other taxes dipped 1%.
Operating income surged 33.6% to $739 million in the reported quarter.
Interest expenses were $188 million, higher than $162 million reported in the prior-year quarter.
Edison International Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Edison International (EIX - Free Report) reported third-quarter 2018 earnings per share of $1.56 from continuing operations, beating the Zacks Consensus Estimate of $1.31 by 19.1%. The bottom line also increased 9.1% from $1.43 in the year-ago quarter.
Excluding adjustments, the company reported quarterly earnings of $1.57 per share compared with $1.44 in third-quarter 2017.
Total Revenues
Edison International's third-quarter revenues came in at $4,269 million, surpassing the Zacks Consensus Estimate of $3,618 million by 18%. Moreover, the top line improved 16.3% from the year-ago quarter’s $3,672 million.
Operational Highlights
In the reported quarter, total operating expenses increased 13.2% to $3,530 million, mainly on account of higher purchased power and fuel expenses (29.3%). Meanwhile, operation and maintenance costs dropped 6.5%. Depreciation and amortization expenses declined 11% and property and other taxes dipped 1%.
Operating income surged 33.6% to $739 million in the reported quarter.
Interest expenses were $188 million, higher than $162 million reported in the prior-year quarter.
Edison International Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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