Hawaiian Electric Faces 18.75% EPS Drop This Quarter

Hawaiian Electric's EPS forecast shows a decline as it reports earnings. Investors should be cautious about a potential 18.75% decrease in earnings per share for Q4 2024.

Date: 22-02-2025

AI Rating: 4

Earnings Per Share (EPS)
Hawaiian Electric Industries, Inc. is projected to report an earnings per share of $0.39 for the quarter ending December 31, 2024. However, this represents a significant 18.75% decrease compared to the same quarter last year, indicating a worrying trend for investors.
Price to Earnings Ratio
Additionally, the report notes that Hawaiian Electric's Price to Earnings ratio for 2024 is 6.42, a stark contrast to the industry ratio of 18.30. This suggests that the stock may be undervalued at present, but also highlights issues in profitability relative to peers. Investors might interpret this as a sign of a struggling company compared to its industry, which could lead to further scrutiny on its future performance. The declining EPS may weigh on stock prices, as lower earnings typically reflect fundamental weaknesses in a company, influencing investor sentiment negatively.

Stocks: HE