Black Hills Corp BKH.N reported quarterly adjusted earnings of 33 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of three analysts for the quarter was for earnings of 29 cents per share. Wall Street expected results to range from 24 cents to 38 cents per share.
Revenue fell 2.1% to $402.60 million from a year ago; analysts expected $497.51 million.
Black Hills Corp's reported EPS for the quarter was 33 cents.
Black Hills Corp shares had risen by 8.4% this quarter and gained 9.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 20.5% in the last three months.
In the last 30 days, one analyst revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and "sell" or "strong sell."
The average consensus recommendation for the multiline utilities peer group is also "hold"
Wall Street's median 12-month price target for Black Hills Corp is $57.00
This summary was machine generated from LSEG data August 1 at 03:41 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Jun. 30 2024 |
0.29 |
0.33 |
Beat |
Mar. 31 2024 |
1.70 |
1.87 |
Beat |
Dec. 31 2023 |
1.08 |
1.17 |
Beat |
Sep. 30 2023 |
0.53 |
0.67 |
Beat |