Equity Profile

HE

Hawaiian Electric Industries, Inc.

UtilitiesElectric Utilities$2.3B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Hawaiian Electric Industries, Inc. (HE) is a utility company that provides electricity to the Hawaiian Islands....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and manage operational costs effectively.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HE Q2-2026 Earnings Preview

Context

Company Snapshot

Hawaiian Electric Industries, Inc. (HE) is a utility company that provides electricity to the Hawaiian Islands. As a key player in the electric utilities sector, it plays a vital role in supporting Hawaii's energy infrastructure and is involved in efforts to transition to renewable energy sources.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-25.32%

Avg Stock Reaction

-0.98%

Last Quarter Recap

In Q1 2026, Hawaiian Electric reported an EPS of $0.18, but specific revenue figures were not disclosed. Following the announcement, the stock saw a decline of 3.83% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are uncertain about Hawaiian Electric's upcoming earnings, especially given the lack of analyst estimates. The company's historical performance has shown mixed results, leading to cautious sentiment.

Bull Case

If Hawaiian Electric can demonstrate strong revenue growth and improved customer satisfaction, it could signal a positive turnaround, boosting investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of operational challenges, it could lead to further declines in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026?

EPS is a key measure of profitability, and any significant deviation from expectations could impact stock performance.

How has the customer count changed in the last quarter?

An increase in customer count could indicate successful service delivery and demand, while a decrease might signal issues.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for Hawaiian Electric to leverage renewable energy initiatives, which could drive future growth.

Supporting Evidence

Options are pricing a significant move, indicating traders expect volatility that may not align with historical performance.

The company's recent focus on renewable energy could attract new customers and improve margins.

Past earnings reactions show that the stock has often moved negatively, suggesting a potential overreaction to any bad news.

Key Risk

If the EPS comes in above $0.25, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Hawaiian Electric can improve its financial performance and customer base amid operational pressures.

Bull Confirmed If

An EPS of $0.25 or higher would confirm the bull case, suggesting improved profitability.

Bear Confirmed If

An EPS below $0.15 would confirm the bear case, indicating ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±18.23%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±18.2% while HE has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

28.8%

Calls (26K)P/C Ratio: 0.06Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hawaiian Electric beats expectations, history suggests the stock could rise significantly, potentially confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity on future guidance.

Miss

A miss could lead to a decline in stock value, with historical patterns suggesting an average drop of around 1.91%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on renewable energy initiatives and their impact on future growth.
2Details regarding customer satisfaction and retention rates.
3Management's outlook on operational challenges and strategies to address them.
4Insights into cost management and efficiency improvements.
5Any commentary on regulatory changes affecting the utility sector.

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Company Snapshot

Hawaiian Electric Industries, Inc. (HE) is a utility company that provides electricity to the Hawaiian Islands....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of the company's profitability and financial health, which investors will closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and manage operational costs effectively.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

HE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-25.32%

Avg Stock Reaction

-0.98%

Last Quarter Recap

In Q1 2026, Hawaiian Electric reported an EPS of $0.18, but specific revenue figures were not disclosed. Following the announcement, the stock saw a decline of 3.83% the next day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Hawaiian Electric can demonstrate strong revenue growth and improved customer satisfaction, it could signal a positive turnaround, boosting investor confidence.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of operational challenges, it could lead to further declines in stock value.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS for Q2-2026?

EPS is a key measure of profitability, and any significant deviation from expectations could impact stock performance.

How has the customer count changed in the last quarter?

An increase in customer count could indicate successful service delivery and demand, while a decrease might signal issues.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the potential for Hawaiian Electric to leverage renewable energy initiatives, which could drive future growth.

Supporting Evidence

Options are pricing a significant move, indicating traders expect volatility that may not align with historical performance.

The company's recent focus on renewable energy could attract new customers and improve margins.

Past earnings reactions show that the stock has often moved negatively, suggesting a potential overreaction to any bad news.

Key Risk

If the EPS comes in above $0.25, it could challenge the current cautious sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Hawaiian Electric can improve its financial performance and customer base amid operational pressures.

Bull Confirmed If

An EPS of $0.25 or higher would confirm the bull case, suggesting improved profitability.

Bear Confirmed If

An EPS below $0.15 would confirm the bear case, indicating ongoing challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±18.23%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant potential move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±18.2% while HE has averaged ±1.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

28.8%

Calls (26K)P/C Ratio: 0.06Puts (9K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hawaiian Electric beats expectations, history suggests the stock could rise significantly, potentially confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity on future guidance.

Miss

A miss could lead to a decline in stock value, with historical patterns suggesting an average drop of around 1.91%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on renewable energy initiatives and their impact on future growth.
2Details regarding customer satisfaction and retention rates.
3Management's outlook on operational challenges and strategies to address them.
4Insights into cost management and efficiency improvements.
5Any commentary on regulatory changes affecting the utility sector.