Black Hills: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Black Hills (NYSE:BKH) reported Q4 earnings with an EPS of $1.17, beating estimates by 8.33% but with a revenue decrease of $199.70 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a share price increase.
February 07, 2024 | 9:45 pm
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Black Hills reported a higher than expected Q4 EPS of $1.17, surpassing estimates by 8.33%, but saw a decrease in revenue compared to last year.
The positive earnings surprise of 8.33% for Black Hills could lead to a short-term positive impact on its stock price, as historical data shows a share price increase following past earnings beats. However, the decrease in revenue might temper investor enthusiasm, making the overall impact slightly uncertain but still leaning positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100