Analyst Consensus ?
ConsensusHold35 ratings
Bullish1440.0%
Neutral1645.7%
Bearish514.3%
1 unmapped firm rating excluded from the percentages.
Edison International · EIX · FY2026 Q3 · Calendar Q4 2026
Edison reaffirms 2026 outlook as wildfire reform remains unresolved
Edison’s Q3 update supports a stable operating trajectory: management reaffirmed 2026 EPS guidance and highlighted continued grid-hardening investment. The key uncertainty remains wildfire liability reform, with financing and capital-plan consequences if progress is delayed.
Reported After market closeNYSEUtilities
$22.85B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.87
Consensus $1.81
EPS surprise
+3.3%
Reported versus consensus
Reported revenue
$4.89B
Consensus $5.34B
Revenue surprise
-8.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-0.2%
Event window
SPY move
-1.6%
Same window
Abnormal move
+1.4%
Stock minus SPY
Volume
0.2×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
EIXSPY benchmark
Ask FN2 about EIX FY2026 Q3
Transcript, numbers and history already loaded
Why did EIX fall 0.2% after beating EPS estimates in FY2026 Q3?What changed in EIX's guidance and outlook in FY2026 Q3?Give me the bull and bear case for EIX after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management reported Q3 core EPS of $1.92 and reaffirmed 2026 core EPS guidance of $5.90–$6.20. The discussion placed greater emphasis on the unresolved legislative process, financing-cost pressure, Eaton Fire liability, and the Wildfire Recovery Compensation Program.
Guidance delta
Maintained: 2026 core EPS guidance was reaffirmed at $5.90–$6.20.
Key takeaways
- Management reaffirmed 2026 core EPS guidance of $5.90–$6.20 after Q3 core EPS of $1.92.
- About 90% of high-fire-risk distribution systems have been hardened, with more than 7,200 miles of covered conductor installed.
- Management said delayed wildfire reform could add an estimated $300 million in financing costs to customers and constrain future capital spending.
- The Wildfire Recovery Compensation Program had extended $1.1 billion in offers, while Eaton Fire litigation and subrogation remain risks.
Management priorities
- Pursue durable wildfire liability reform with legislators and stakeholders.
- Advance AI-enabled inspections, high-definition cameras, and risk modeling.
- File SCE’s 2029 general rate case in approximately six months.
- Maintain the $38–$41 billion capital investment plan through 2030, focused on safety and reliability.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$59.15Current
$42Low
$71.03Average
$100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Underweight | Underweight | Maintain | Oct 21, 2026 |
| Truist Securities | Hold | Hold | Maintain | Oct 12, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 12, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 9, 2026 |
| Jefferies | Underperform | Hold | Downgrade | Oct 2, 2026 |
| UBS | Neutral | Neutral | Maintain | Sep 1, 2026 |
| B of A Securities | Neutral | Buy | Downgrade | Sep 1, 2026 |
| Mizuho | Neutral | Outperform | Downgrade | Aug 31, 2026 |
| Argus Research | Hold | Buy | Downgrade | Aug 26, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Apr 20, 2026 |
| Ladenburg Thalmann | Sell | Neutral | Downgrade | Mar 5, 2026 |
| TD Cowen | Buy | Buy | Maintain | Feb 20, 2026 |
| Wells Fargo | Underweight | Equal Weight | Downgrade | Jan 20, 2026 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jun 9, 2025 |
| Goldman Sachs | Neutral | Neutral | Maintain | Mar 4, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 4, 2024 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 14, 2024 |
| Guggenheim | Buy | Buy | Maintain | Jul 26, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 24, 2023 |
| Citigroup | Buy | Buy | Maintain | May 4, 2022 |
| Keybanc | Overweight | Downgrade | Jul 1, 2021 | |
| CFRA | Hold | Hold | Maintain | Feb 28, 2020 |
| Vertical Research | Buy | Buy | Maintain | Feb 25, 2020 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jan 21, 2020 |
| Bank of America | Neutral | Neutral | Maintain | Nov 1, 2019 |
| Edward Jones | Sell | Hold | Downgrade | Nov 14, 2018 |
| Argus | Buy | Buy | Maintain | Aug 2, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Jul 29, 2016 |
| BMO Capital | Outperform | Market Perform | Upgrade | Aug 22, 2014 |
| CRT Capital | Hold | Hold | Maintain | Jul 21, 2014 |
| Tudor Pickering | Buy | Accumulate | Maintain | Dec 19, 2013 |
| Bernstein | Outperform | Market Perform | Upgrade | Jun 14, 2013 |
| Wunderlich Securities | Buy | Buy | Maintain | Jun 10, 2013 |
| Wunderlich | Buy | Buy | Maintain | Jun 10, 2013 |
| ISI Group | Neutral | Neutral | Maintain | May 15, 2013 |
| Bank oferica | Buy | Buy | Maintain | May 3, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $59.15. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Meike Becker | $56.5 | $57.19 | -4.5% | Oct 22, 2026 |
| Goldman Sachs | Analyst unavailable | $67 | $55.44 | +13.3% | Oct 15, 2026 |
| Truist Financial | Analyst unavailable | $62 | $55.3 | +4.8% | Oct 12, 2026 |
| Barclays | Analyst unavailable | $53 | $54.3 | -10.4% | Oct 9, 2026 |
| Jefferies | Paul Zimbardo | $42 | $53.8 | -29.0% | Oct 2, 2026 |
| UBS | Gregg Orrill | $57 | $52.77 | -3.6% | Sep 24, 2026 |
| Jefferies | Analyst unavailable | $53 | $57.16 | -10.4% | Sep 14, 2026 |
| Truist Financial | Analyst unavailable | $63 | $55.19 | +6.5% | Sep 3, 2026 |
| UBS | Gregg Orrill | $63 | $53.98 | +6.5% | Sep 1, 2026 |
| Mizuho Securities | Anthony Crowdell | $70 | $70.17 | +18.3% | Aug 31, 2026 |
| Truist Financial | Analyst unavailable | $77 | $71.46 | +30.2% | Aug 4, 2026 |
| Mizuho Securities | Analyst unavailable | $86 | $78.73 | +45.4% | Jul 31, 2026 |
| Barclays | Nicholas Campanella | $75 | $78.73 | +26.8% | Jul 31, 2026 |
| Morgan Stanley | David Arcaro | $69 | $79.83 | +16.7% | Jul 22, 2026 |
| Truist Financial | Analyst unavailable | $79 | $69.16 | +33.6% | May 18, 2026 |
| Barclays | Analyst unavailable | $77 | $67.94 | +30.2% | Apr 29, 2026 |
| Morgan Stanley | Analyst unavailable | $70 | $70.56 | +18.3% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $62 | $70.58 | +4.8% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $82 | $70.58 | +38.6% | Apr 20, 2026 |
| Mizuho Securities | Analyst unavailable | $79 | $69.7 | +33.6% | Feb 19, 2026 |
| Barclays | Analyst unavailable | $78 | $69.7 | +31.9% | Feb 19, 2026 |
| UBS | Analyst unavailable | $78 | $69.08 | +31.9% | Feb 13, 2026 |
| Wells Fargo | Analyst unavailable | $59 | $62.39 | -0.3% | Jan 20, 2026 |
| Morgan Stanley | David Arcaro | $57 | $59.54 | -3.6% | Dec 17, 2025 |
| Morgan Stanley | David Arcaro | $59 | $59.14 | -0.3% | Dec 16, 2025 |
| UBS | Analyst unavailable | $70 | $58.13 | +18.3% | Dec 2, 2025 |
| Morgan Stanley | Analyst unavailable | $64 | $58.24 | +8.2% | Nov 20, 2025 |
| Barclays | Analyst unavailable | $68 | $56.05 | +15.0% | Oct 29, 2025 |
| Wells Fargo | Analyst unavailable | $56 | $56.91 | -5.3% | Oct 27, 2025 |
| Jefferies | Analyst unavailable | $59 | $58.36 | -0.3% | Oct 22, 2025 |
| Barclays | Analyst unavailable | $69 | $57.65 | +16.7% | Oct 21, 2025 |
| Jefferies | Analyst unavailable | $57 | $56.28 | -3.6% | Oct 2, 2025 |
| Morgan Stanley | David Arcaro | $60 | $54.14 | +1.4% | Sep 25, 2025 |
| Morgan Stanley | Analyst unavailable | $61 | $55.72 | +3.1% | Sep 18, 2025 |
| UBS | Analyst unavailable | $66 | $55.57 | +11.6% | Sep 11, 2025 |
| Morgan Stanley | David Arcaro | $52 | $56.22 | -12.1% | May 22, 2025 |
| Barclays | Analyst unavailable | $65 | $55.27 | +9.9% | Mar 3, 2025 |
| Barclays | Nicholas Campanella | $67 | $58.29 | +13.3% | Jan 23, 2025 |
| UBS | Gregg Orrill | $87 | $82.78 | +47.1% | Dec 19, 2024 |
| Barclays | Nicholas Campanella | $89 | $84.54 | +50.5% | Oct 15, 2024 |
| RBC Capital | Shelby Tucker | $100 | $86.07 | +69.1% | Oct 4, 2024 |
| Morgan Stanley | David Arcaro | $72 | $86.05 | +21.7% | Sep 25, 2024 |
| Argus Research | Marie Ferguson | $97 | $83.14 | +64.0% | Sep 11, 2024 |
| Barclays | Nicholas Campanella | $91 | $87.33 | +53.8% | Sep 4, 2024 |
| Morgan Stanley | David Arcaro | $68 | $84.88 | +15.0% | Aug 23, 2024 |
| Mizuho Securities | Paul Fremont | $94 | $83.22 | +58.9% | Aug 16, 2024 |
| UBS | Gregg Orrill | $82 | $75.09 | +38.6% | Jul 19, 2024 |
| Argus Research | Marie Ferguson | $82 | $73.61 | +38.6% | Jun 12, 2024 |
| Wells Fargo | Neil Kalton | $86 | $74.44 | +45.4% | May 14, 2024 |
| Argus Research | Marie Ferguson | $78 | $69.46 | +31.9% | Mar 12, 2024 |
| Guggenheim | Shahriar Pourreza | $84 | $67.65 | +42.0% | Jan 22, 2024 |
| Mizuho Securities | Anthony Crowdell | $75 | $69.5 | +26.8% | Aug 22, 2023 |
| Morgan Stanley | David Arcaro | $62 | $67.96 | +4.8% | Sep 6, 2022 |
| UBS | Gregg Orrill | $73 | $69.78 | +23.4% | Jun 6, 2022 |
| Morgan Stanley | Analyst unavailable | $65 | $70.89 | +9.9% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $66 | $72.73 | +11.6% | Apr 20, 2022 |
| Bank of America Securities | Julien Dumoulin Smith | $59 | $55.5 | -0.3% | Jul 13, 2021 |
Track every rating change on EIX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHeadquartered in Rosemead, California, and established in 1886, Edison International primarily operates through its subsidiaries to produce and supply electrical power. This utility company furnishes electricity to a vast client base of around 15 million, encompassing homes, businesses, industrial sites, governmental bodies, and agricultural enterprises throughout Southern, Central, and Coastal California. Beyond power delivery, Edison International also offers bespoke energy solutions tailored for its commercial and industrial clientele. Its extensive infrastructure includes a robust transmission network featuring lines that range from 55 kV to 500 kV, alongside numerous substations. The company's distribution system is equally substantial, comprising approximately 39,000 circuit-miles of overhead cabling, roughly 31,000 circuit-miles of underground lines, and 800 distribution substations.
Historical context
All EIX earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| WEC WEC Energy Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +21.5% | +3.7% | WEC raises 2026 guidance as data-center demand expands capital plan |
Latest beats and misses
Who reports nextBeat on EPS
- VLTOFY2026 Q3 · October 29, 2026+8.3% EPS+9.8% move
- MSTRFY2026 Q3 · October 29, 2026+121.6% EPS-6.3% move
- STRKFY2026 Q3 · October 29, 2026+121.6% EPS-2.7% move
- RKTFY2026 Q3 · October 29, 2026+10.8% EPS+5.0% move
- ILMNFY2026 Q3 · October 29, 2026+19.1% EPS-16.8% move
- STRCFY2026 Q3 · October 29, 2026+121.6% EPS-1.2% move
Missed on EPS
- AMZNFY2026 Q3 · October 29, 2026-4.1% EPS-1.6% move
- SYKFY2026 Q3 · October 29, 2026-0.8% EPS-5.0% move
- DLR-PJFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLRFY2026 Q3 · October 29, 2026-8.4% EPS-3.0% move
- EGFY2026 Q3 · October 28, 2026-18.8% EPS+3.5% move
- MKLFY2026 Q3 · October 28, 2026-2.3% EPS+1.2% move
Get the EIX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-10-30T15:12:27.943258+00:00
- FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
- Polygon adjusted daily market bars · 2026-10-30T16:20:44.080893+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T16:20:44.077503+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-30. For educational purposes only; not investment advice.