Hawaiian Electric Industries
The 10-second takeaway
For the quarter ended March 31 (Q1), Hawaiian Electric Industries missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share contracted significantly.
Margins dropped across the board.
Hawaiian Electric Industries reported revenue of $784.1 million. The three analysts polled by S&P Capital IQ anticipated net sales of $822.1 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 $0.34. The five earnings estimates compiled by S&P Capital IQ forecast $0.38 per share. GAAP EPS of $0.34 for Q1 were 15% lower than the prior-year quarter's $0.40 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 9.5%, 30 basis points worse than the prior-year quarter. Operating margin was 9.0%, 30 basis points worse than the prior-year quarter. Net margin was 4.3%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $848.6 million. On the bottom line, the average EPS estimate is $0.41.
Next year's average estimate for revenue is $3.45 billion. The average EPS estimate is $1.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 162 members out of 186 rating the stock outperform, and 24 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 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 $26.50.
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