Advertisement
Canada markets closed

  • S&P/TSX

    21,873.72
    -138.00 (-0.63%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CAD/USD

    0.7301
    +0.0004 (+0.05%)
     

  • CRUDE OIL

    82.65
    -0.16 (-0.19%)
     

  • Bitcoin CAD

    88,338.83
    -3,069.54 (-3.36%)
     

  • CMC Crypto 200

    1,394.65
    -29.45 (-2.07%)
     

  • GOLD FUTURES

    2,328.30
    -10.10 (-0.43%)
     

  • RUSSELL 2000

    1,995.43
    -7.22 (-0.36%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • NASDAQ futures

    17,479.25
    -185.25 (-1.05%)
     

  • VOLATILITY

    15.97
    +0.28 (+1.78%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • NIKKEI 225

    37,946.36
    -513.72 (-1.34%)
     

  • CAD/EUR

    0.6817
    -0.0002 (-0.03%)
     

Hawaiian Electric Industries Third Quarter 2022 Earnings: Beats Expectations

Simply Wall St
·1 min read

Hawaiian Electric Industries (NYSE:HE) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$1.04b (up 38% from 3Q 2021).

  • Net income: US$62.1m (down 2.1% from 3Q 2021).

  • Profit margin: 6.0% (down from 8.4% in 3Q 2021). The decrease in margin was driven by higher expenses.

  • EPS: US$0.57 (down from US$0.58 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hawaiian Electric Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 40%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electric Utilities industry in the US.

ADVERTISEMENT

Performance of the American Electric Utilities industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Hawaiian Electric Industries has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here