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Market Overview

First Hawaiian's Earnings: A Preview

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On Friday, January 22, First Hawaiian (NASDAQ:FHB) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on First Hawaiian management projections, analysts predict EPS of $0.44 on revenue of $184.38 million. First Hawaiian EPS in the same period a year ago totaled $0.54. Revenue was $186.33 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate, earnings would be down 18.52%. Revenue would be down 1.04% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.28 0.22 0.38 0.51
EPS Actual 0.50 0.16 0.30 0.54
Revenue Estimate 177.36 M 178.92 M 186.27 M 188.65 M
Revenue Actual 182.90 M 173.48 M 187.91 M 186.33 M

Stock Performance

Shares of First Hawaiian were trading at $25.9 as of January 20. Over the last 52-week period, shares are down 9.47%. Given that these returns are generally negative, long-term shareholders are probably down 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: BZI-EPEarnings