Earnings Preview: Hawaiian Electric Indus

Hawaiian Electric Indus (NYSE:HE) is gearing up to announce its quarterly earnings on Friday, 2024-11-08. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Hawaiian Electric Indus will report an earnings per share (EPS) of $0.55.

Anticipation surrounds Hawaiian Electric Indus's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

The company's EPS missed by $0.05 in the last quarter, leading to a 0.0% drop in the share price on the following day.

Here's a look at Hawaiian Electric Indus's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.49

0.54

0.49

0.39

EPS Actual

0.44

0.45

0.48

0.56

Price Change %

-3.0%

-2.0%

-5.0%

-17.0%

Tracking Hawaiian Electric Indus's Stock Performance

Shares of Hawaiian Electric Indus were trading at $10.63 as of November 06. Over the last 52-week period, shares are down 7.88%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Perspectives on Hawaiian Electric Indus

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Hawaiian Electric Indus.

Hawaiian Electric Indus has received a total of 5 ratings from analysts, with the consensus rating as Neutral. With an ...