Black Hills 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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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