Tuesday, March 5, 2013

Does The Street Have Hawaiian Electric Industries Figured Out?

Hawaiian Electric Industries (NYSE: HE  ) is expected to report Q4 earnings on Feb. 16. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hawaiian Electric Industries's revenues will decrease -3.1% and EPS will compress -11.1%.

The average estimate for revenue is $824.8 million. On the bottom line, the average EPS estimate is $0.32.

Revenue details
Last quarter, Hawaiian Electric Industries notched revenue of $867.7 million. GAAP reported sales were 2.1% lower than the prior-year quarter's $886.4 million.

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

EPS details
Last quarter, EPS came in at $0.49. GAAP EPS of $0.49 for Q3 were 2.0% lower than the prior-year quarter's $0.50 per share.

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

Recent performance
For the preceding quarter, gross margin was 11.1%, about the same as the prior-year quarter. Operating margin was 10.6%, 10 basis points worse than the prior-year quarter. Net margin was 5.5%, about the same as the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.40 billion. The average EPS estimate is $1.61.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 162 members out of 185 rating the stock outperform, and 23 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 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 $26.36.

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