Black Hills Q2 2024 GAAP EPS $0.33 Beats $0.29 Estimate, Sales $402.600M Miss $497.510M Estimate
Portfolio Pulse from Benzinga Newsdesk
Black Hills (NYSE:BKH) reported Q2 2024 GAAP EPS of $0.33, beating the analyst estimate of $0.29. However, sales of $402.6M missed the $497.51M estimate and were down 2.12% year-over-year.
July 31, 2024 | 8:46 pm
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Black Hills reported mixed Q2 2024 results with EPS beating estimates but sales missing expectations and declining year-over-year.
While the EPS beat is a positive sign, the significant miss on sales and the year-over-year decline in revenue could weigh on investor sentiment. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100