Hawaiian Electric Industries
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hawaiian Electric Industries beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share grew. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Hawaiian Electric Industries booked revenue of $838.1 million. The three analysts polled by S&P Capital IQ hoped for revenue of $824.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.39. The four earnings estimates compiled by S&P Capital IQ predicted $0.32 per share. Non-GAAP EPS of $0.39 for Q4 were 8.3% higher than the prior-year quarter's $0.36 per share. GAAP EPS of $0.13 for Q4 were 63% lower than the prior-year quarter's $0.35 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.9%, 140 basis points worse than the prior-year quarter. Operating margin was 4.4%, 360 basis points worse than the prior-year quarter. Net margin was 1.7%, 230 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $816.6 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $3.45 billion. The average EPS estimate is $1.65.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 161 members out of 184 rating the stock outperform, and 23 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Hawaiian Electric Industries a green thumbs-up, and three 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 $25.83.
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