Preview: Hawaiian Electric Indus's Earnings
Portfolio Pulse from Benzinga Insights
Hawaiian Electric Industries (NYSE:HE) is scheduled to release its quarterly earnings report on February 13, 2024, with an expected EPS of $0.49. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings, with the last quarter's beat resulting in a 17.13% share price drop. Currently, shares are trading at $13.09, marking a 67.2% decline over the last year, indicating long-term shareholder dissatisfaction.
February 12, 2024 | 6:01 pm
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NEUTRAL IMPACT
Hawaiian Electric Industries is expected to report an EPS of $0.49 for the upcoming quarter. Past earnings have shown volatility in stock price post-announcement, with a significant 17.13% drop after the last quarter's beat.
Given the historical volatility in Hawaiian Electric's stock price following earnings announcements, the upcoming report could have a neutral to slightly negative impact. The anticipation of beating the EPS estimate and providing positive guidance could counterbalance the negative sentiment from past performance and the significant yearly decline in stock price. However, the market's reaction remains uncertain, reflecting the neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100