Market Overview

A Preview Of First Hawaiian's Earnings


On Friday, October 23, First Hawaiian (NASDAQ: FHB) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see First Hawaiian reporting earnings of $0.28 per share on sales of $177.36 million. In the same quarter last year, First Hawaiian reported earnings per share of $0.57 on sales of $193.06 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Friday, earnings would be down 50.88%. Sales would be down 8.13% from the same quarter last year. First Hawaiian's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.22 0.38 0.51 0.53
EPS Actual 0.16 0.30 0.54 0.57
Revenue Estimate 178.92 M 186.27 M 188.65 M 194.94 M
Revenue Actual 173.48 M 187.91 M 186.33 M 193.06 M

Stock Performance

Shares of First Hawaiian were trading at $16.14 as of October 21. Over the last 52-week period, shares are down 41.11%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. First Hawaiian is scheduled to hold the call at 13:00:00 ET and can be accessed here.


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Posted-In: Earnings