Hawaiian Electric Industries Beats on Both Top and Bottom Lines

Seth Jayson, The Motley Fool
Updated

Hawaiian Electric Industries (NYS: HE) filed its 10-K on Feb. 19. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), Hawaiian Electric Industries beat slightly on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share grew. GAAP earnings per share dropped significantly.


Margins dropped across the board.

Revenue details
 Hawaiian Electric Industries booked revenue of $838.1 million. The three analysts polled by S&P Capital IQ hoped for revenue of $824.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.39. The four earnings estimates compiled by S&P Capital IQ predicted $0.32 per share. Non-GAAP EPS of $0.39 for Q4 were 8.3% higher than the prior-year quarter's $0.36 per share. GAAP EPS of $0.13 for Q4 were 63% lower than the prior-year quarter's $0.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 39.9%, 140 basis points worse than the prior-year quarter. Operating margin was 4.4%, 360 basis points worse than the prior-year quarter. Net margin was 1.7%, 230 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $816.6 million. On the bottom line, the average EPS estimate is $0.40.

Next year's average estimate for revenue is $3.45 billion. The average EPS estimate is $1.65.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 161 members out of 184 rating the stock outperform, and 23 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Hawaiian Electric Industries a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hawaiian Electric Industries is hold, with an average price target of $25.83.

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The article Hawaiian Electric Industries Beats on Both Top and Bottom Lines originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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