Hawaiian Electric: Q3 Earnings Insights

Shares of Hawaiian Electric Indus HE were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 1.72% over the past year to $0.59, which beat the estimate of $0.51.

Revenue of $641,427,000 decreased by 16.79% year over year, which missed the estimate of $785,040,000.

Outlook

Hawaiian Electric Indus hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 06, 2020

Time: 04:15 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/he/mediaframe/41324/indexr.html

Technicals

Company's 52-week high was at $55.15

Company's 52-week low was at $31.83

Price action over last quarter: down 8.75%

Company Overview

Hawaiian Electric Industries is the parent company of three Hawaii-based regulated utilities and Hawaii's third- largest financial institution, American Savings Bank. The utilities provide electricity to 95% of the state on the five islands of Oahu, Hawaii, Maui, Molokai, and Lanai. Although the majority of electricity is produced by oil-fired power plants, over 25% of electricity in its service territory comes from renewable energy; this portion is growing rapidly as the state has set a goal of 100% by 2045.