Black Hills Q1 2024 GAAP EPS $1.87 Beats $1.83 Estimate, Sales $726.400M Beat $683.040M Estimate
Portfolio Pulse from Benzinga Newsdesk
Black Hills Corp. (BKH) reported Q1 2024 earnings of $1.87 per share, surpassing the consensus estimate of $1.83. Sales reached $726.4M, exceeding estimates of $683.04M but marking a 21.15% decrease from the previous year's $921.2M.
May 08, 2024 | 9:36 pm
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Black Hills Corp. (BKH) exceeded Q1 2024 earnings and sales estimates, with a notable year-over-year sales decrease.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year decrease in sales might temper investor enthusiasm, suggesting a mixed but overall positive short-term outlook.
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