HE Stock - Hawaiian Electric Industries, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.22B | $3.29B | $3.42B | $2.85B | $2.58B |
| Gross Profit | $-1,706,760,000 | $627.05M | $628.69M | $676.91M | $568.70M |
| Gross Margin | -53.0% | 19.1% | 18.4% | 23.7% | 22.0% |
| Operating Income | $-1,706,760,000 | $274.99M | $279.56M | $386.07M | $311.49M |
| Net Income | $-1,424,119,000 | $199.24M | $241.14M | $246.17M | $197.82M |
| Net Margin | -44.2% | 6.1% | 7.0% | 8.6% | 7.7% |
| EPS | $-11.23 | $1.82 | $2.20 | $2.25 | $1.81 |
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility, banking, and renewable/sustainable infrastructure investment businesses in the state of Hawaii. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States armed forces installations, and agricultural operations. The Bank segment operates a community bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. This segment operates 42 branches, including 29 branches in Oahu, 6 branches in Maui, 4 branches in Hawaii, 2 branches in Kauai, and 1 branch in Molokai. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries Inc. was incorporated in 1891 and is headquartered in Honolulu, Hawaii.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| March 7th 2025 | Evercore ISI | Upgrade | Outperform | $14← $12 |
| February 7th 2025 | Barclays | Initiation | Equal Weight | $10 |
| December 3rd 2024 | Jefferies | Initiation | Hold | $11.5 |
| August 23rd 2024 | Wells Fargo | Upgrade | Equal Weight | $14 |
| November 10th 2023 | Wells Fargo | Downgrade | Underweight | $8.5← $8 |
| August 18th 2023 | Wells Fargo | Upgrade | Equal Weight | $8← $25 |
| August 18th 2022 | BofA Securities | Downgrade | Underperform | $43 |
Earnings History & Surprises
HEEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 7, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | — | — | — | — |
Q4 2025 | Nov 7, 2025 | $0.40 | $0.19 | -52.7% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $-0.20 | $0.20 | +199.0% | ✓ BEAT |
Q2 2025 | May 9, 2025 | $0.23 | $0.23 | 0.0% | = MET |
Q1 2025 | Feb 21, 2025 | $0.39 | $0.20 | -48.7% | ✗ MISS |
Q4 2024 | Nov 8, 2024 | $0.53 | $0.46 | -13.2% | ✗ MISS |
Q3 2024 | Aug 9, 2024 | $0.49 | $0.44 | -10.2% | ✗ MISS |
Q2 2024 | May 10, 2024 | $0.54 | $0.45 | -16.7% | ✗ MISS |
Q1 2024 | Feb 13, 2024 | $0.49 | $0.48 | -2.0% | ✗ MISS |
Q4 2023 | Nov 9, 2023 | $0.56 | $0.56 | 0.0% | = MET |
Q3 2023 | Aug 7, 2023 | $0.53 | $0.50 | -5.7% | ✗ MISS |
Q2 2023 | May 9, 2023 | $0.53 | $0.50 | -5.7% | ✗ MISS |
Q1 2023 | Feb 14, 2023 | $0.55 | $0.52 | -5.5% | ✗ MISS |
Q4 2022 | Nov 7, 2022 | $0.55 | $0.57 | +3.6% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.52 | $0.48 | -7.7% | ✗ MISS |
Q2 2022 | May 9, 2022 | $0.44 | $0.63 | +43.2% | ✓ BEAT |
Q1 2022 | Feb 14, 2022 | $0.42 | $0.50 | +19.0% | ✓ BEAT |
Q4 2021 | Nov 5, 2021 | $0.59 | $0.58 | -1.7% | ✗ MISS |
Q3 2021 | Aug 9, 2021 | $0.48 | $0.58 | +20.8% | ✓ BEAT |
Latest News
Primoris Services, Casella Waste Systems, Indivior, Hawaiian Electric, LKQ, Solstice Advanced Materials, Mohawk Industries, Under Armour, Power Integrations, Perrigo, Iridium Communications, Marriott Vacations Worldwide And Insperity Added To S&P SmallCap 600
📈 PositiveJefferies Maintains Hold on Hawaiian Electric Indus, Lowers Price Target to $12
➖ NeutralHawaiian Electric Industries Announces Wildfire Tort Litigation Settlement Continues Progress, Hearing On Final Court Approval In Coming Months
➖ NeutralHawaiian Electric Indus Q3 Adj. EPS $0.19 Beats $(0.20) Estimate, Sales $790.610M Down From $833.239M YoY
📈 PositiveFrequently Asked Questions about HE
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