Black Hills Corp reports results for the quarter ended in June - Earnings Summary

Black Hills

01/08/2024 04:41

* 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 negatively 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 no "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