Black Hills Corp (NYSE: BKH) has reported earnings for its first fiscal quarter (ending March 31) of $1.88 versus $1.73 for the same period a year ago — an increase of 9%. This result exceeded the consensus estimate of $1.68 by $0.20. For the latest four quarters through March 31, E.P.S. were $4.07 versus $3.90 for the same period a year ago — an increase of 4%.
Recent Price Action
Black Hills Corp (NYSE: BKH) stock declined slightly by -0.7% on 5/8/24. The stock closed at $56.36. However, this decline was accompanied by below average trading volume at 82% of normal. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BKH is expected to continue to be a Value Builder.
Black Hills has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Black Hills has a neutral Appreciation Score of 59 and a slightly negative Power Rating of 39, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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