Hawaiian Electric Industries
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hawaiian Electric Industries crushed expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins contracted, and net margins increased.
Hawaiian Electric Industries reported revenue of $851 million. The three analysts polled by S&P Capital IQ expected net sales of $594.3 million. GAAP sales were 22% higher than the prior-year quarter's $695.7 million.
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 $0.36. The four earnings estimates compiled by S&P Capital IQ averaged $0.36 per share. GAAP EPS of $0.36 for Q4 were 38% higher than the prior-year quarter's $0.26 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 8.8%, 3,230 basis points worse than the prior-year quarter. Operating margin was 8.0%, 50 basis points worse than the prior-year quarter. Net margin was 4.0%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $703 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $3.10 billion. The average EPS estimate is $1.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 148 members rating the stock outperform and 25 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 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 $24.67.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.