## Hawaiian Electric Industries Earnings Preview: What to Expect on November 8th
The spotlight is on Hawaiian Electric Industries (HE) as it prepares to unveil its quarterly earnings on Friday, November 8th, 2024. Investors are eagerly awaiting the release, hoping for both earnings that surpass estimates and positive guidance for the next quarter. While earnings performance is crucial, it’s important to remember that market reactions often hinge on the guidance provided by the company.
A Look Back at Recent Performance
In the previous quarter, Hawaiian Electric Industries’ EPS missed by $0.05, resulting in a 0.0% drop in the share price the following day. Here’s a closer look at the company’s past performance and the corresponding price changes:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|————|————–|————|—————-|
| Q2 2024 | 0.49 | 0.44 | -3.0% |
| Q1 2024 | 0.54 | 0.45 | -2.0% |
| Q4 2023 | 0.49 | 0.48 | -5.0% |
| Q3 2023 | 0.39 | 0.56 | -17.0% |
Investor Sentiment and Analyst Expectations
As of November 6th, shares of Hawaiian Electric Industries were trading at $10.63. Over the past 52 weeks, shares have fallen by 7.88%. This negative trend suggests long-term shareholders might be bearish going into the earnings release.
To gauge market sentiment, it’s essential to consider the insights from industry analysts. Hawaiian Electric Industries has garnered a total of 5 ratings from analysts, with the consensus rating being Neutral. The average one-year price target is $12.9, indicating a potential upside of 21.35%.
Peer Comparisons: A Look at the Competition
For a comprehensive understanding of Hawaiian Electric Industries’ performance, it’s beneficial to compare it to its industry peers. Here’s a breakdown of the analyst ratings and average one-year price targets for MGE Energy, TXNM Energy, and Portland Gen Electric, three prominent players in the Utilities sector:
| Company | Consensus Outlook | Average 1-Year Price Target | Potential Upside |
|———————-|——————-|—————————–|——————|
| MGE Energy | Underperform | $72.5 | 582.03% |
| TXNM Energy | Outperform | $47.75 | 349.2% |
| Portland Gen Electric | Neutral | $50.17 | 371.97% |
Key Financial Metrics: A Comparative Analysis
The following table provides a snapshot of key financial metrics for Hawaiian Electric Industries and its peers, highlighting their comparative positions within the industry.
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|———————-|————-|—————-|————–|—————–|
| Hawaiian Electric Indus | Neutral | 0.19% | $-1.72B | -74.83% |
| MGE Energy | Underperform | -1.54% | $62.60M | 2.05% |
| TXNM Energy | Outperform | 12.53% | $409.09M | 5.40% |
| Portland Gen Electric | Neutral | 15.84% | $418M | 2.64% |
Key Takeaways
Hawaiian Electric Industries lags behind its peers in terms of revenue growth, gross profit, and return on equity. The company’s negative growth rate and low profitability raise concerns about its financial health and ability to compete effectively in the Utilities sector.
Delving into Hawaiian Electric Industries’ Background
As the parent company of three regulated utilities in Hawaii, Hawaiian Electric Industries plays a vital role in providing electricity to the islands of Oahu, Hawaii, Maui, Molokai, and Lanai. In addition to its utility operations, the company also owns Hawaii’s American Savings Bank.
Examining Key Indicators
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Market Capitalization:
Hawaiian Electric Industries’ market capitalization falls below industry benchmarks, reflecting a smaller scale compared to its peers. This could be attributed to factors such as growth expectations or operational capacity.*
Revenue Growth:
While the company has achieved positive revenue growth in recent months (approximately 0.19% as of June 30th, 2024), it lags behind its peers in the Utilities sector.*
Net Margin:
Hawaiian Electric Industries’ net margin sits below industry averages, highlighting challenges in achieving strong profitability. The negative net margin suggests potential difficulties in effective cost management.*
Return on Equity (ROE):
The company’s ROE falls below industry benchmarks, indicating potential difficulties in efficiently utilizing equity capital. This suggests that the company may need to address challenges in generating satisfactory returns for shareholders.*
Return on Assets (ROA):
Similar to ROE, Hawaiian Electric Industries’ ROA is below industry benchmarks, indicating potential difficulties in efficiently utilizing assets. The company may need to address challenges in generating satisfactory returns from its assets.*
Debt Management:
Hawaiian Electric Industries’ debt-to-equity ratio is notably higher than the industry average. This high ratio suggests that the company relies more heavily on borrowed funds, indicating a higher level of financial risk.Stay Informed: Track Hawaiian Electric Industries’ Earnings
To stay informed about all earnings releases for Hawaiian Electric Industries, visit the earnings calendar on our site. This comprehensive calendar provides up-to-date information on upcoming earnings announcements, allowing you to track the company’s financial performance and make informed investment decisions.
