Recap: Black Hills Q1 Earnings

Black Hills (NYSE:BKH) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Black Hills beat estimated earnings by 4.22%, reporting an EPS of $1.73 versus an estimate of $1.66.

Revenue was up $97.60 million from the same period last year.

Last quarter the company missed on EPS by $0.05 which was followed by a 9.28% drop in the share price the next day.

Here's a look at Black Hills's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	1.16	0.59	0.39	1.65
EPS Actual	1.11	0.54	0.40	1.82
Revenue Estimate	427.46M	413.37M	404.08M	637.94M
Revenue Actual	791.40M	462.60M	474.20M	823.60M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Black Hills management provided guidance for FY 2023, expecting earnings between $3.65 and $3.85 per share.

To track all earnings releases for Black Hills visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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