Rosemead, California-based Edison International (EIX) engages in the generation and distribution of electric power. With a market cap of $27.4 billion, the company supplies and delivers through its electrical infrastructure to an area of approximately 50,000 square miles in southern California, serving residential, commercial, industrial, public authorities, agricultural, and other sectors.
The electricity supplier’s shares have outpaced the broader market over the past year, growing 28.5% compared to the S&P 500 Index’s ($SPX) 20.1% surge. Moreover, in 2026, the stock has rallied by nearly 18.8%, outperforming the SPX’s 13.1% rise as well.
Focusing on its industry benchmark, the State Street Utilities Select Sector SPDR ETF (XLU) has advanced 3.2% over the past year, underperforming the stock. In 2026, XLU has grown 3.5% and has also lagged behind the stock.
On July 30, EIX shares rose marginally following the release of its Q2 2026 earnings. The company’s revenue for the quarter amounted to $4.4 billion and failed to meet the Street’s estimates. However, its adjusted EPS came in at $1.54, successfully topping Wall Street’s forecasts. Edison International expects full-year earnings in the range of $5.90 to $6.20 per share. Additionally, it is well positioned to take advantage of the energy demand as more data centers start to show up, with the utility sector being at the forefront of the data center boom.
For the current year, which ends in December, analysts expect EIX’s EPS to fall 6.4% to $6.13 on a diluted basis. The company has met or surpassed the consensus estimate in each of the last four quarters.
Among the 17 analysts covering EIX stock, the consensus is a “Hold.” That’s based on five “Strong Buy” ratings, nine “Holds,” and three “Strong Sells.”
The configuration has grown more bearish over the past months, with the stock now having five “Strong Buy” ratings, down from six recorded three months prior.
On Aug. 4, Goldman Sachs analyst Carly Davenport maintained a “Hold” rating for EIX stock and lowered its price target from $78 to $77.
EIX’s mean price target of $77.03 indicates a premium of 8% from the current market price. Its Street-high target of $86 implies a robust 20.6% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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