It has been about a month since the last earnings report for Hawaiian Electric (HE - Free Report) . Shares have lost about 12.2% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is HEI due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Hawaiian Electric Q4 Earnings Improve, Revenues Fall Y/Y
Hawaiian Electric reported earnings per share (EPS) of 61 cents for the fourth quarter of 2019, which improved 35.6% from 45 cents in the prior-year quarter.
The year-over-year upside can be attributed to higher noninterest income, largely related to the sales of former properties.
For 2019, the company posted EPS of $1.99, up 7.7% from the year-ago number of $1.85.
Total Revenues
Hawaiian Electric’s total revenues of $726 million in the fourth quarter declined 4.7% year over year. The decline was due to lower contributions from both the Electric Utility and Bank segments.
For 2019, the company recorded revenues of $2.87 billion, which rose 0.5% from the year-ago number of $2.86 billion.
Operating Statistics
Total expenses decreased 7.7% year over year to $625.2 million during the fourth quarter.
Total operating income improved 19% year over year to $100.8 million driven by higher contributions from the Electric Utility as well as Bank segments.
Net interest expenses amounted to $21.8 million, down from $22.6 million in the prior-year quarter.
Segment Details
Electric Utility: Revenues at this segment totaled $645.3 million, down 5.2% year over year. Also, net income increased 28.5% to $45.4 million from $35.3 million a year ago.
Banking: At this segment, revenues totaled $80.6 million, down 0.8% year over year. Net income came in at $28.2 million, up 29.7%.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
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It has been about a month since the last earnings report for Hawaiian Electric (HE - Free Report) . Shares have lost about 12.2% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is HEI due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Hawaiian Electric Q4 Earnings Improve, Revenues Fall Y/Y
Hawaiian Electric reported earnings per share (EPS) of 61 cents for the fourth quarter of 2019, which improved 35.6% from 45 cents in the prior-year quarter.
The year-over-year upside can be attributed to higher noninterest income, largely related to the sales of former properties.
For 2019, the company posted EPS of $1.99, up 7.7% from the year-ago number of $1.85.
Total Revenues
Hawaiian Electric’s total revenues of $726 million in the fourth quarter declined 4.7% year over year. The decline was due to lower contributions from both the Electric Utility and Bank segments.
For 2019, the company recorded revenues of $2.87 billion, which rose 0.5% from the year-ago number of $2.86 billion.
Operating Statistics
Total expenses decreased 7.7% year over year to $625.2 million during the fourth quarter.
Total operating income improved 19% year over year to $100.8 million driven by higher contributions from the Electric Utility as well as Bank segments.
Net interest expenses amounted to $21.8 million, down from $22.6 million in the prior-year quarter.
Segment Details
Electric Utility: Revenues at this segment totaled $645.3 million, down 5.2% year over year. Also, net income increased 28.5% to $45.4 million from $35.3 million a year ago.
Banking: At this segment, revenues totaled $80.6 million, down 0.8% year over year. Net income came in at $28.2 million, up 29.7%.
How Have Estimates Been Moving Since Then?
Analysts were quiet during the last two month period as none of them issued any earnings estimate revisions.
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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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