NYSE$EIX

Edison International · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Edison International's first quarter results were reported, with GAAP EPS at $0.81 and Core EPS at $1.09.

Edison International reported a first-quarter net income of $310 million, or $0.81 per share, compared to $84 million, or $0.22 per share, in the first quarter of 2022. Core earnings were $416 million, or $1.09 per share, compared to core earnings of $407 million, or $1.07 per share, in the first quarter of 2022. The company affirmed its 2023 core EPS guidance range of $4.55-$4.85.

  • First Quarter 2023 GAAP earnings per share of $0.81; Core EPS of $1.09
  • Completed significant portion of EIX 2023 financing plan with $500 million junior subordinated notes issuance
  • Affirmed 2023 EPS guidance of $4.55-$4.85
  • Long-term EPS growth rate target of 5%-7% for 2021-2025 was affirmed

Headline financials

Total Revenue

$3.97B

Previous: $3.97B-0.1%
EPS (adj)

$1.09

Previous: $1.07+1.9%
Capital Expenditures

-$1.32B

Previous: -$1.21B-9.7%
Free Cash Flow

-$959M

Previous: -$1.07B+10.5%
Net Income

$365M

Previous: $136M+168.4%
Operating Income

$620M

Previous: $259M+139.4%
Gross Profit

$3.97B

Previous: $3.97B-0.1%
Cash & Equivalents

$836M

Previous: $231M+261.9%
Total Assets

$78.9B

Previous: $74.7B+5.5%

Revenue & EPS history

Edison · Revenue · Quarterly

$3.97B

Q1 2023-0.1%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The company affirmed its earnings guidance range for 2023 as summarized in the following chart. See the presentation accompanying the company’s conference call for further information and assumptions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.2%

Avg return

30 days after

56%

40 / 71 earnings

Positive

+6.9%

Q2 2022

Best reaction

-9.6%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+1.6%+3.0%
Q4 2025+2.1%+7.9%+0.1%
Q3 2025-1.2%-3.0%+5.1%
Q1 2025-8.9%-6.5%-5.2%
Q4 2024+6.0%+7.5%+13.3%
Q3 2024-1.5%-4.0%+4.6%
Q2 2024+3.2%+4.4%+11.5%
Q1 2024-0.1%+1.4%+4.7%
Q4 2023+0.5%-0.4%+2.4%
Q3 2023+0.9%+1.3%+7.0%
Q2 2023+1.2%-1.5%-3.0%
Q1 2023-3.1%-0.5%-9.8%
Q4 2022+3.7%+0.0%+3.3%
Q3 2022-2.1%-1.7%+9.1%
Q2 2022+6.9%+8.3%+9.3%
Q1 2022+3.6%+3.5%+3.6%
Q4 2021+5.6%+7.8%+16.6%
Q3 2021-0.8%+1.2%+3.5%
Q2 2021-4.1%-2.5%+1.2%
Q1 2021-0.8%+1.0%-5.9%
Q4 2020-4.4%-2.8%+7.5%
Q3 2020-2.8%-3.7%+9.5%
Q2 2020+1.2%+4.7%-2.7%
Q1 2020-7.8%-6.6%-3.7%
Q4 2019-9.6%-8.1%-25.5%
Q3 2019-3.7%+1.6%+8.2%
Q2 2019-0.1%-1.1%+1.5%
Q1 2019-4.8%-4.3%-5.7%
Q4 2018+1.2%+3.1%+2.2%
Q3 2018+0.4%-1.8%-20.8%
Q2 2018-0.5%-0.3%+0.9%
Q1 2018-2.9%-2.8%-5.1%
Q4 2017+5.2%+3.0%+5.2%
Q3 2017+0.6%+0.1%+2.4%
Q2 2017-0.8%-0.0%+2.3%
Q1 2017-1.1%-0.3%+2.0%
Q4 2016+1.1%+3.3%+5.0%
Q3 2016-3.8%-4.3%-6.7%
Q2 2016+1.8%+0.7%-5.4%
Q1 2016+1.4%
Q4 2015+5.6%
Q3 2015-5.9%
Q2 2015+1.6%
Q1 2015+1.6%
Q4 2014-0.9%
Q3 2014+0.8%
Q2 2014+0.3%
Q1 2014-0.8%
Q4 2013+1.0%
Q3 2013-0.5%
Q2 2013-1.0%
Q1 2013-2.8%
Q4 2012+2.8%
Q3 2012-0.5%
Q2 2012-3.9%
Q1 2012+0.3%
Q4 2011+1.9%
Q3 2011+2.8%
Q2 2011-5.0%
Q1 2011+1.2%
Q4 2010+3.3%
Q3 2010+3.0%
Q2 2010+0.6%
Q1 2009+3.9%
Q1 2010-0.6%
Q4 2007+1.8%
Q3 2009+5.3%
Q3 2008+5.3%
Q4 2008+1.7%
Q2 2008+1.7%
Q2 2009+1.7%

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