Edison International
EIX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$18.00 | Bppmx | Llhwcfyc |
Edison International Earnings: Upside to Core Earnings Growth Going Into 2024
We are reaffirming our $74 fair value estimate for Edison International after management reported $1.38 per share of core earnings during the third quarter of 2023, down from $1.48 in the same quarter last year. Year-to-date earnings are mostly flat from last year and on track to meet our full-year forecast, in line with management's $4.55-$4.85 EPS guidance. We are reaffirming our narrow moat rating.