Hawaiian Electric Indus Q1 EPS $0.38 Misses $0.54 Estimate, Sales $897.16M Down From $928.24M YoY
Portfolio Pulse from Benzinga Newsdesk
Hawaiian Electric Indus (NYSE:HE) reported Q1 earnings of $0.38 per share, missing the consensus estimate of $0.54, marking a 29.63% miss and a 24% decrease from last year's earnings. Sales were $897.16M, down 3.35% from $928.24M YoY.
May 10, 2024 | 6:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hawaiian Electric reported a significant miss in Q1 earnings and a decrease in sales, indicating potential challenges in profitability and revenue growth.
The miss in earnings per share (EPS) by 29.63% and the year-over-year decrease in sales by 3.35% could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively as it reflects challenges in profitability and revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100