HE Earnings Prediction
The chart below shows how HE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HE sees a +0.46% change in stock price 10 days leading up to the earnings, and a -7.73% change 10 days following the report. On the earnings day itself, the stock moves by -1.02%. This data can give you a slight idea of what to expect for the next quarter's release.
HE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
486.95M
-13.31%
-48.11%
Gross Margin
-53.10%
37.21%
-546.97%
Operating Margin
12.80%
437.82%
7.74%
Net Margin
7.33%
1104.11%
-166.16%
EPS
-0.39
-188.64%
-57.14%
No Data Available
HE Earnings Analysis
Hawaiian Electric Industries Inc Corporation (HE.N) Earnings Conference Call
Positive
Maui Wildfire Settlement Agreements: The company signed final settlement agreements in the Maui wildfire tort litigation, enhancing clarity for its future path and providing an accelerated recovery for those impacted by the fires.
Equity Offering Success: A successful equity offering in September raised $558 million in net proceeds, fully funding the first payment under the settlement and strengthening liquidity.
Strategic Review Completion: The completion of the strategic review process for American Savings Bank resulted in the sale of 90.1% of the bank, simplifying the company's strategy and allowing a focus on its core utility business.
Renewable Portfolio Increase: The utility achieved a 36% renewable portfolio standard in 2024, up from 33% in 2023, while reducing customer rates with an average residential bill decrease of 7%.
Wildfire Safety Investment: In 2024, the utility invested approximately $120 million in wildfire safety improvements, demonstrating a commitment to enhancing safety and resilience against severe weather events.
Supreme Court Ruling on Insurers: The Hawaii Supreme Court issued a unanimous decision in favor of the company regarding outstanding issues with insurers related to the Maui wildfires, providing clarity and certainty for the settlement process.
Legislative Support and Stability: The company is focused on obtaining supportive legislation and finalizing the settlement agreement, positioning itself for future financial stability and growth.
Negative
Earnings Miss Report: Hawaiian Electric Industries, Inc. misses on earnings expectations, reporting an EPS of $0.2 against expectations of $0.39.
Discontinued Operations Loss: The company reported a net loss from discontinued operations totaling $103 million for 2024, compared to a net income of $53 million in 2023.
Loss from Continuing Operations: For the full year 2024, the company generated a loss from continuing operations of $1.3 billion, which includes wildfire settlement accruals of $1.9 billion pretax.
Net Income Decline: The utility's core net income decreased to $181 million in 2024 from $195 million in 2023, driven by higher operational and maintenance expenses, particularly related to wildfire prevention.
Core Net Loss Increase: The holding company reported a core net loss of $56 million in 2024, compared to a loss of $43 million in 2023, attributed to lower income from Pacific current due to outages.
Net Loss on Sale Transaction: The company faced a $116 million net loss on the sale transaction of American Savings Bank, which was part of a larger $405 million sale.
Wildfire Expense Impact: The overall financial results were heavily impacted by wildfire-related expenses, including a $35 million asset impairment in the third quarter.
HE FAQs
How does HE typically perform around its earnings report dates?
Is Hawaiian Electric Industries Inc (HE) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
HE Earning Call Sentiment
Hawaiian Electric Industries, Inc. (NYSE:HE) Q4 2024 Earnings Call Transcript
HE.N
-2.52%Positive
The earnings call reveals several negative aspects: a decline in core net income, increased operational expenses, and a significant loss from discontinued operations. The Q&A section highlights management's lack of clarity on funding future settlement payments and financing strategies, raising investor concerns. Despite some positive elements like liquidity management and renewable achievements, the overall sentiment is negative due to financial challenges and uncertainties surrounding future payments and legislative outcomes.
