Bear Of The Day: Black Hills Corporation (BKH)
Black Hills Corporation (BKH) has slipped to a Zacks Rank #5 (Strong Sell) and is now the Bear of the Day. Let's take a look at why this stock has the lowest Zacks Rank.
Description
Black Hills Corporation is an energy company that generates wholesale electricity and produces natural gas, crude oil and coal. They serve natural gas and electric utility customers in Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.
Recent Earnings
The company reported a miss of the Zacks Consensus Estimate on November 2. The company saw EPS of $0.50 when $0.55 was expected. Revenues came in $47M shy of the estimate as well.
Investors sold the stock as a result of the earnings and the stock lost 5% in the session following the earnings release.
Estimates
Before the third consecutive miss, the company was expected to post $3.52 in EPS for 2017, but that number moved down to $3.35 in November and ticked lower by another penny in December.
The 2018 numbers also fell from $3.65 in October to the current level of $2.47.
Black Hills Corporation Price and Consensus
Black Hills Corporation Price and Consensus | Black Hills Corporation Quote
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