Hawaiian Electric Industries, Inc. First Quarter Earnings Sneak Peek

Hawaiian Electric Industries, Inc. (NYSE:HE) will unveil its latest earnings on Tuesday, May 8, 2012. Hawaiian Electric Industries is a holding company, which through its subsidiaries is engaged in electric utility, banking and other businesses operating mainly in the State of Hawaii.

Hawaiian Electric Industries, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 36 cents per share, a rise of 20% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 37 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 36 cents during the last month. Analysts are projecting profit to rise by 13.9% compared to last year’s $1.64.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 7 cents in the third quarter of the last fiscal year, the company fell in line with expectations by reporting net income of 36 cents per share last quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.4% in revenue from the year-earlier quarter to $763.6 million.

Analyst Ratings: Analysts seem relatively indifferent about Hawaiian Electric Industries with four of five analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 37.8% to $34.7 million (35 cents a share) from $25.2 million (26 cents a share) the year earlier, meeting analyst expectations. Revenue rose 22.3% to $851 million from $695.7 million.

b>Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 21.5% over the last four quarters.

There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of 21% for the last four quarters.

Stock Price Performance: Between March 6, 2012 and May 2, 2012, the stock price had risen $1.55 (6.2%), from $25.02 to $26.57. The stock price saw one of its best stretches over the last year between April 18, 2012 and April 27, 2012, when shares rose for eight straight days, increasing 4.9% (+$1.23) over that span. It saw one of its worst periods between July 21, 2011 and August 4, 2011 when shares fell for 11 straight days, dropping 10.4% (-$2.49) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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