Edison International (EIX) reports Q1 2026 earnings on April 23rd at 3:30 PM UTC. The electric utility is trading at $69.73, down 3.6% over the past week and off 1.2% on the last session.
| Metric | Current | Change |
|---|---|---|
| Market Cap | $26.8B | - |
| Short Interest % FF | 2.49% | -30.3% (1w), -14.4% (1m) |
| Days to Cover | 1.17 | Low coverage |
| Cost to Borrow | 0.40% | -15.9% (1w) |
| Utilization | 0.98% | Very low |
| Put/Call Ratio | 0.86 | Bullish (below 20-day avg of 1.28) |
| Dividend Yield | 5.05% |
| - |
Short sellers have dramatically reduced positions ahead of earnings. Short interest plunged 30% over the past week to just 9.38 million shares (2.49% of float). Days to cover sits at a minimal 1.17, indicating shorts can easily exit. Cost to borrow remains negligible at 0.40%, while utilization of only 0.98% shows almost no borrowing demand.
This represents a stark reversal from mid-February when short interest peaked above 13.7 million shares. Bears have steadily de-risked positions heading into the quarterly report.
The put/call ratio dropped sharply to 0.86 on April 21st, well below the 20-day average of 1.28 and registering a z-score of -2.48. This suggests options traders are positioning for upside, with calls significantly outpacing put purchases. The shift occurred over the past two days after the PCR hovered near 1.4 throughout most of April.
EIX scores well on ORTEX's composite metrics:
The high total score suggests the stock combines solid growth prospects with reasonable valuation, particularly attractive for a regulated utility.
Based on the latest annual data:
The company generates robust operating cash flow of $7.8B, though heavy capital expenditures of $7.2B (typical for utilities with grid infrastructure investments) leave minimal free cash flow. The 5.05% dividend yield compensates income-focused investors.
RSI sits at 40.07, suggesting the stock is approaching oversold territory but not yet there. Price is down 3.6% over the past week but up 16.2% year-to-date. The recent pullback may present an entry opportunity if earnings catalyze a reversal.
Top utility peers include:
Most utility peers showed modest weekly declines, though PCG bucked the trend with a gain.
No significant insider transactions (trade significance ≥ 3) reported over the past 90 days.
With short interest unwinding aggressively and options sentiment flipping bullish, traders appear to be positioning for a positive earnings reaction. The stock's high ORTEX score and 8.6% analyst upside potential suggest fundamentals support the optimism. However, the 3.6% weekly decline heading into the report creates a lower entry point.
Key items to monitor in tomorrow's report:
This analysis is for informational purposes only and does not constitute financial advice. ORTEX data is subject to revision.
See the live data behind this article on ORTEX.
Open EIX on ORTEX →ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
