NYSE$HE
Hawaiian Electric Industries Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Hawaiian Electric Industries reported consolidated net income for common stock and EPS, with utility results driven by lower expenses and higher revenues, while bank results reflected economic dynamics and improved noninterest income.
Hawaiian Electric Industries (HEI) reported a consolidated net income for common stock of $65.0 million and EPS of $0.59 for the third quarter of 2020, compared to $63.4 million and EPS of $0.58 for the third quarter of 2019. Hawaiian Electric Company's net income increased, while American Savings Bank's net income decreased due to lower asset yields and higher provision for credit losses.
- HEI's Q3 2020 EPS was $0.59, compared to $0.58 in Q3 2019.
- Hawaiian Electric's net income increased, driven by lower O&M expenses and higher RAM revenues.
- American Savings Bank's net income decreased due to lower asset yields and higher provision for credit losses related to the pandemic.
- The Board of Directors maintained HEI's quarterly cash dividend of $0.33 per share.
Headline financials
Revenue & EPS history
Hawaiian Electric · Revenue · Quarterly
$641M
Revenue by segment
Hawaiian Electric · $563M total across 2 segments · Q3 2020
- Electric Utility$563M—100.0%
- Other$215K—0.0%
Forward guidance
HEI will conduct a webcast and conference call to review its consolidated results and 2020 earnings guidance and outlook at 11:15 a.m. Hawaii time (4:15 p.m. Eastern time) on Friday, November 6, 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
-0.5%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-2.7%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+7.8%
Q3 2020
Best reaction
-17.0%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.8% | -13.2% | -13.0% | |
| Q4 2025 | +3.1% | +0.4% | -4.8% | |
| Q3 2025 | -3.0% | +0.7% | +2.9% | |
| Q1 2025 | +1.8% | +1.0% | -0.7% | |
| Q4 2024 | +2.2% | -0.5% | +3.3% | |
| Q3 2024 | -5.8% | -8.3% | +0.8% | |
| Q2 2024 | -17.0% | -15.2% | -32.0% | |
| Q1 2024 | +7.3% | +10.5% | +0.4% | |
| Q4 2023 | -8.6% | -4.0% | -19.2% | |
| Q3 2023 | -16.4% | -13.3% | -4.8% | |
| Q2 2023 | -4.1% | -12.6% | -66.9% | |
| Q1 2023 | -2.4% | -3.7% | -1.1% | |
| Q4 2022 | -3.3% | -1.7% | -11.9% | |
| Q3 2022 | +0.4% | +4.2% | +7.2% | |
| Q2 2022 | -0.4% | +1.8% | -7.1% | |
| Q1 2022 | -0.9% | +0.8% | +3.5% | |
| Q4 2021 | -3.2% | -1.6% | +1.5% | |
| Q3 2021 | -2.5% | -1.2% | -4.8% | |
| Q2 2021 | +0.5% | +2.0% | -2.0% | |
| Q1 2021 | +4.3% | +0.9% | -0.2% | |
| Q4 2020 | -0.2% | +0.9% | +21.9% | |
| Q3 2020 | +7.8% | +12.1% | +8.7% | |
| Q2 2020 | +3.7% | +1.7% | -1.8% | |
| Q1 2020 | -4.9% | -0.3% | +1.5% | |
| Q4 2019 | +3.8% | +3.6% | -10.0% | |
| Q3 2019 | -2.0% | -2.2% | -3.3% | |
| Q2 2019 | -2.9% | -1.2% | -0.5% | |
| Q1 2019 | -0.7% | +0.9% | +3.3% | |
| Q4 2018 | +0.1% | +0.8% | +7.8% | |
| Q3 2018 | -0.5% | -0.5% | +3.8% | |
| Q2 2018 | -1.1% | -1.8% | +0.1% | |
| Q1 2018 | -0.1% | -1.0% | -2.3% | |
| Q4 2017 | +3.1% | +2.9% | +4.2% | |
| Q3 2017 | +0.9% | +1.2% | +5.5% | |
| Q2 2017 | -0.2% | +1.0% | +1.4% | |
| Q1 2017 | -1.2% | -2.4% | +0.3% | |
| Q4 2016 | -3.5% | -2.9% | -2.2% | |
| Q3 2016 | +4.2% | +2.5% | +9.6% | |
| Q2 2016 | +0.5% | -0.3% | -2.4% | |
| Q1 2016 | +0.8% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -3.6% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +1.6% | — | — | |
| Q1 2014 | +2.2% | — | — | |
| Q4 2013 | -1.8% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | -1.7% | — | — | |
| Q3 2012 | -2.0% | — | — | |
| Q2 2012 | +0.5% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q3 2011 | +5.2% | — | — | |
| Q2 2011 | -2.3% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q1 2011 | +2.8% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q3 2009 | +2.4% | — | — | |
| Q3 2010 | +2.4% | — | — | |
| Q2 2009 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q2 2010 | +3.5% | — | — |
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