Hawaiian Electric Industries (NYSE: HE ) is expected to report Q3 earnings on Nov. 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hawaiian Electric Industries's revenues will contract -4.2% and EPS will wither -16.0%.
The average estimate for revenue is $849.2 million. On the bottom line, the average EPS estimate is $0.42.
Last quarter, Hawaiian Electric Industries booked revenue of $854.3 million. GAAP reported sales were 7.5% higher than the prior-year quarter's $794.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.40. GAAP EPS of $0.40 for Q2 were 43% higher than the prior-year quarter's $0.28 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.8%, 150 basis points better than the prior-year quarter. Operating margin was 9.3%, 130 basis points better than the prior-year quarter. Net margin was 4.5%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.41 billion. The average EPS estimate is $1.59.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 154 members out of 179 rating the stock outperform, and 25 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Hawaiian Electric Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hawaiian Electric Industries is hold, with an average price target of $25.93.
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