Hawaiian Electric Indus Q4 EPS $0.48 Misses $0.49 Estimate, Sales $961.35M Down From $1.02B YoY
Portfolio Pulse from Happy Mohamed
Hawaiian Electric Indus (HE) reported Q4 earnings of $0.48 per share, missing the consensus estimate of $0.49, and a 7.69% decrease from last year's $0.52. Sales were $961.35M, down 5.66% from $1.02B YoY.
February 13, 2024 | 9:02 pm
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Hawaiian Electric Indus reported lower than expected Q4 earnings and a decrease in sales compared to last year.
Missing the consensus earnings estimate and reporting a decrease in sales year-over-year are negative indicators that could lead to a short-term decrease in stock price. Investors often react negatively to earnings misses and declining sales figures, which can put downward pressure on the stock.
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