Edison Int'l (EIX) Misses Q3 EPS by 7c; Narrows Outlook

Edison Int'l (NYSE: EIX) reported Q3 EPS of $1.69, versus than the analyst estimate of $1.76.

• Third Quarter 2021 GAAP loss per share of $0.90; Core EPS of $1.69
• EIX and SCE revise best estimate of total potential losses from 2017/2018 Wildfire/Mudslide Events to $7.5 billion; $5.3 billion has been resolved and $2.2 billion remains to be resolved
• SCE executes agreement with CPUC Safety and Enforcement Division (SED) to resolve enforcement actions related to the 2017/2018 Wildfire/Mudslide Events

GUIDANCE:

EIX narrows 2021 EPS guidance to $4.42–4.52. Also reiterates long-term EPS growth rate target of 5–7%

For earnings history and earnings-related data on Edison Int'l (EIX) click here.

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