Edison (NYSE:EIX) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Edison beat estimated earnings by 11.54%, reporting an EPS of $1.16 versus an estimate of $1.04.
Revenue was up $174.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 1.16% drop in the share price the next day.
Here's a look at Edison's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.74 | 1.04 | 0.76 | 1.20 |
| EPS Actual | 1.69 | 0.94 | 0.79 | 1.19 |
| Revenue Estimate | 4.81B | 3.29B | 3.20B | 3.37B |
| Revenue Actual | 5.30B | 3.31B | 2.96B | 3.16B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Edison management provided guidance for their next quarter, expecting earnings between $4.4 and $4.7 per share for the next quarter.
This represents a 292.24% in quarter-over-quarter growth for Edison, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
