# Edison International (EIX)

> Source: Nexqual · https://nexqual.com/EIX · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Edison International (EIX), nexqual.com/EIX" · informational, not investment advice.

**Price:** USD 57.9 (+1.24% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 57.19 · day 56.55–58.05 · 52w 51.1–81.62 · market cap $22.3B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $19.4B, net income $3.75B (19.3% margin), free cash flow -$389M (SEC filings).
- Valuation: P/E 5.9x (avg 17.4x at the last 3 fiscal year-ends), EV/EBITDA 6.5x, net debt $40.6B.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $103K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.06 on a 1–5 scale) (18 analysts), mean target USD 62.9 (range 42–86).
- Total return with dividends: 1Y +6.8% vs S&P 500 +14.9%; 5Y +21.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.81, revenue estimate $5.34B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $14.9B | $17.2B | $16.3B | $17.6B | $19.3B | $19.4B |
| Operating income | $1.48B | $1.48B | $2.63B | $2.93B | $7.09B | $6.35B |
| Net income | $925M | $824M | $1.20B | $1.28B | $4.46B | $3.75B |
| EPS (diluted) | $2.00 | $1.60 | $3.11 | $3.31 | $11.55 | — |
| Free cash flow | -$5.49B | -$2.56B | -$2.05B | -$693M | -$715M | -$389M |
| Operating margin | 9.9% | 8.6% | 16.1% | 16.6% | 36.7% | 32.7% |
| Net margin | 6.2% | 4.8% | 7.3% | 7.3% | 23.1% | 19.3% |
| Revenue growth | +9.8% | +15.5% | -5.1% | +7.7% | +9.8% | — |
| Cash + short-term investments | $390M | $914M | $345M | $193M | $158M | — |
| Total debt | $25.2B | $29.6B | $33.0B | $35.6B | $38.0B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 5.9x · P/S 1.1x · EV/EBITDA 6.5x · EV/Sales 3.2x · P/B 1.3x · FCF yield -1.75% · Earnings yield 16.81% · Dividend yield (paid, TTM) 5.89% · Buyback yield (TTM) 0.15% · Net debt $40.6B · EV $62.9B
P/E at fiscal year-ends: Dec 2025 5.2x, Dec 2024 24.1x, Dec 2023 23.0x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
3 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Taylor Peter J. | Director | 500 | $28K | 1.5% | Yes (adopted October 31, 2025) | Too little history (no open-market trades in 2023) |
| 2026-07-13 | Taylor Peter J. | Director | 500 | $38K | 1.5% | Yes (adopted October 31, 2025) | Too little history (no open-market trades in 2023) |
| 2026-04-13 | Taylor Peter J. | Director | 500 | $38K | 1.4% | Yes (adopted October 31, 2025) | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 3.06 on a 1–5 scale), 18 analysts; mean target USD 62.9 (low 42, high 86).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Hold | $56.5 |
| 2026-10-21 | Morgan Stanley | Target raised | Underweight | $60 → $62 |
| 2026-10-12 | Truist Securities | Target lowered | Hold | $63 → $62 |
| 2026-10-12 | JP Morgan | Target lowered | Neutral | $61 → $59 |
| 2026-10-09 | Barclays | Target lowered | Equal-Weight | $75 → $53 |
| 2026-10-02 | Jefferies | Downgrade | Hold → Underperform | $53 → $42 |
| 2026-09-18 | Morgan Stanley | Target lowered | Underweight | $65 → $60 |
| 2026-09-14 | Jefferies | Target lowered | Hold | $68 → $53 |
| 2026-09-03 | Truist Securities | Target lowered | Hold | $77 → $63 |
| 2026-09-02 | JP Morgan | Target lowered | Neutral | $82 → $61 |
| 2026-09-01 | B of A Securities | Downgrade | Buy → Neutral | $81 → $51 |
| 2026-09-01 | UBS | Target lowered | Neutral | $75 → $63 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +6.8% | +21.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +6.8% | +4.0% |
| Volatility (annualized) | 38.5% | 27.7% |
| Max drawdown | -36.0% (Jul 2026→Sep 2026) | -43.5% (Nov 2024→Jun 2025) |

## Peers (Utilities - Regulated Electric)
CMS (CMS Energy Corporation) USD 70.3 +3.19% · EVRG (Evergy, Inc.) USD 84.95 +2.16% · ES (Eversource Energy (D/B/A)) USD 67.84 +3.41% · PPL (PPL Corporation) USD 35.35 +2.23% · FE (FirstEnergy Corp.) USD 46.49 +2.15% · CNP (CenterPoint Energy, Inc (Holdin) USD 41.2 +2.18%

## More
Full page: https://nexqual.com/EIX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-07-30)

- "The company reaffirmed its earnings guidance range for 2026, as summarized in the following table ."
- "Basic EPS guidance only incorporates non-core items until June 30, 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.81 | $1.94 | -6.8% | $5.34B | 8 |
| Next quarter (ends 2026-12-31) | $1.38 | $1.52 | -9.1% | $4.94B | 7 |
| Current fiscal year (ends 2026-12-31) | $6.12 | $6.12 | +0.0% | $19.03B | 14 |
| Next fiscal year (ends 2027-12-31) | $6.50 | $6.51 | -0.2% | $19.68B | 14 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±8.5%; last 8 reports averaged ±3.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 37.7% | ±8.5% |
| 2026-12-18 | 56 | 35.7% | ±11.2% |
| 2027-01-15 | 84 | 38.5% | ±15.1% |
| 2027-04-16 | 175 | 33.7% | ±18.7% |