Edison International EIX reported third-quarter 2021 adjusted earnings of $1.69 per share, which missed the Zacks Consensus Estimate of $1.76 per share by 4%. However, the bottom line improved 1.2% from the year-ago quarter’s earnings.The company incurred GAAP loss of 90 cents per share from continuing operations compared with 76 cents in third-quarter 2020.Total RevenuesEdison International's third-quarter revenues totaled $5,299 million, which surpassed the Zacks Consensus Estimate of $4,775 million by 11%. The top line rose 14.1% from the year-ago quarter’s $4,644 million.Edison International Price, Consensus and EPS Surprise Edison International price-consensus-eps-surprise-chart | Edison International QuoteOperational HighlightsIn the reported quarter, total operating expenses increased 8% year over year to $5,427 million.Purchased power and fuel costs rose 14.9%, while depreciation and amortization expenses increased 22.2%.Operation and maintenance costs declined 2.1% year over year, while expensesassociated with wildfire related claims fell1.9%.Operating loss amounted to $128 million in the third quarter of 2021, which improved from an operating loss of $379 million in the year-ago quarter.Segment ResultsSouthern California Edison’s (SCE) third-quarter adjusted earnings were $1.84 per share compared with $1.73 a year ago. The increase in SCE’s core earnings can be attributed to higher revenues from the 2021 General Rate Case (GRC) final decision and higher Federal Energy Regulatory Commission revenues, partially offset by increased wildfire mitigation expenses.The Parent and Other segment incurred a loss of 15 cents per share compared with the year-ago quarter’s loss of 6 cents.Financial UpdateAs of Sep 30, 2021, Edison International's cash and cash equivalents amounted to $524 million compared with $87 million as of Dec 31, 2020.Long-term debt was $23.34 billion as of Sep 30, 2021, higher than the 2020-end level of $19.63 billion.Net cash outflow from operating activities during the nine months of 2021 was $416 million against cash inflow of $1,071 million in the prior-year quarter.Total capital expenditures totaled $3,948 million during the nine months of 2021, up from $3,897 million a year ago.2021 GuidanceThe company narrowed its 2021 guidance. Its adjusted earnings are now projected to be $4.42-$4.52 per share, compared withthe prior guidance of $4.42-$4.62. The Zacks Consensus Estimate for earnings is currently pegged at $4.52 per share, which came in line with the higher end of the company’s guided range.Zacks RankEdison International currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesAmerican Electric Power AEP reported third-quarter 2021 adjusted earnings per share of $1.43, which missed the Zacks Consensus Estimate of $1.44 by 0.7%.NextEra Energy NEE reported third-quarter 2021 adjusted earnings of 75 cents per share, which exceeded the Zacks Consensus Estimate of 72 cents by 4.2%.DTE Energy Company DTE reported third-quarter 2021 adjusted earnings of $1.72 per share, which lagged the Zacks Consensus Estimate of $1.83 by 6%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Edison International (EIX): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research