For its third fiscal quarter (ending September 30), Hawaiian Electric Industries Inc (NYSE: HE) has reported a -35% decline in E.P.S. from $0.57 a year ago to $0.37 in the current quarter. This performance was $-0.17 short of the consensus estimate of $0.54. For the latest four quarters through September 30, E.P.S. were $1.89 versus $2.18 for the same period a year ago — a decline of -13%.
Recent Price Action
Hawaiian Electric Industries Inc (NYSE: HE) stock closed at $14.01 on 11/9/23 after a modest gain of 0.9%. The stock has risen 6.9% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HE is expected to continue to be a Value Builder.
Hawaiian Electric Industries has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hawaiian Electric Industries has a very high Appreciation Score of 89 but a very low Power Rating of 5, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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