Edison InternationalEIX is scheduled to release third-quarter 2026 results on Oct. 29, after market close. The company delivered an earnings surprise of 50.98% in the last reported quarter.
Let's discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors That Are Likely to Have Impacted EIX's Q3 Performance
Edison International's continued investments in grid modernization, wildfire mitigation and infrastructure enhancements are likely to have supported its third-quarter performance. Continued spending on system hardening and grid upgrades is expected to have improved operational reliability and reinforced the company's long-term growth prospects.
Higher revenue expectations, driven by the ongoing implementation of Southern California Edison's approved General Rate Case, are likely to have supported earnings growth in the to-be-reported quarter.
Rising electricity demand from electrification and continued rate-base growth may have aided Edison International's revenues and overall performance during the third quarter.
Continued cost-management efforts and operational efficiency improvements are expected to have helped strengthen Edison International's earnings performance in the third quarter.
Q3 Expectations for EIX
The Zacks Consensus Estimate for sales is pegged at $5.53 billion, which indicates a decline of 3.8% from the year-ago number.
The Zacks Consensus Estimate for earnings is pegged at $1.79 per share, which calls for a fall of 23.5% from the prior-year quarter.
What the Zacks Model Unveils for EIX
Our proven model predicts an earnings beat for Edison International this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
Edison International Price and EPS Surprise
Edison International price-eps-surprise | Edison International Quote
Earnings ESP:EIX has an Earnings ESP of +1.12%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Zacks Rank:Currently, EIX carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
Other Stocks to Consider
Investors may consider the following players from the same industry, as these also have the right combination of elements to post an earnings beat this reporting cycle.
CenterPoint Energy, Inc.CNP is scheduled to report its third-quarter 2026 results on Oct. 27, before market open. It has an Earnings ESP of +0.81% and a Zacks Rank of 3 at present.
CNP's long-term (three to five years) earnings growth rate is 7.93%. The Zacks Consensus Estimate for earnings stands at 50 cents per share.
NiSource Inc.NI is slated to report its third-quarter 2026 results on Oct. 28, before market open. It has an Earnings ESP of +7.87% and a Zacks Rank of 3 at present.
NI's long-term earnings growth rate is 6.55%. The Zacks Consensus Estimate for earnings is pegged at 22 cents per share, which suggests a year-over-year rise of 15.8%.
American Electric Power Company, Inc.AEP is slated to report its third-quarter 2026 results on Oct. 28, before market open. It has an Earnings ESP of +2.23% and a Zacks Rank of 2 at present.
AEP's long-term earnings growth rate is 7.58%. The Zacks Consensus Estimate for earnings stands at $2.04 per share, which implies a year-over-year jump of 13.3%.
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Edison International (EIX) : Free Stock Analysis Report
NiSource, Inc (NI) : Free Stock Analysis Report
American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report
CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
