Black Hills Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Black Hills (NYSE:BKH) Full Year 2023 Results
Key Financial Results
Revenue: US$2.33b (down 8.6% from FY 2022).
Net income: US$262.2m (up 1.5% from FY 2022).
Profit margin: 11% (up from 10% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$3.91.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Black Hills EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 3.5%.
Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's shares are down 2.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Black Hills (1 is a bit concerning!) that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
