Black Hills Corp reports results for the quarter ended in September 30 - Earnings Summary

Black Hills

07/11/2024 20:44

* Black Hills Corp  BKH.N  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of five analysts for the
quarter was for earnings of 48 cents per share. Wall Street
expected results to range from 39 cents to 58 cents per share.
    * Revenue fell 1.4% to $401.60 million from a year ago;
analysts
expected $446.19 million. 
    * Black Hills Corp's reported EPS for the quarter was 35
cents​.
    * Black Hills Corp shares had fallen by 1.2% this
quarter and
gained 11.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 1 "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 63.00 
This summary was machine generated from LSEG data November 7 at
08:43 p.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
 Sep. 30 2024      0.48           0.35           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