Equity Profile

HE

Hawaiian Electric Industries, Inc.

UtilitiesElectric Utilities$2.0B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Hawaiian Electric Industries, Inc. (HE) operates in the utilities sector, primarily providing electric power to Hawaii....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company has managed costs and revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain customers, which is vital for future expansion.

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) operates in the utilities sector, primarily providing electric power to Hawaii. As a key player in the electric utilities industry, its performance is crucial for the state's energy infrastructure and sustainability efforts.

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, which was lower than expected, leading to a 3.83% drop in stock price the following day. The company has struggled with consistent earnings surprises in recent quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Hawaiian Electric's upcoming earnings, given the company's historical performance and the current market conditions. However, the lack of analyst estimates adds uncertainty to expectations.

Bull Case

If Hawaiian Electric can show improved EPS and revenue growth, it may signal a recovery in profitability and customer acquisition, leading to a positive market reaction.

Bear Case

Conversely, if the company reports disappointing earnings or fails to provide clear guidance, it could reinforce the negative sentiment and lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

A clear EPS figure will help gauge the company's profitability and could influence investor sentiment significantly.

How many new customers has Hawaiian Electric acquired this quarter?

Customer growth is essential for long-term revenue stability and indicates market competitiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Hawaiian Electric to improve its customer acquisition strategy, which could lead to better-than-expected growth.

Supporting Evidence

The options market is pricing a significant move, indicating that traders expect volatility that may not align with historical performance.

Recent trends in customer growth suggest that Hawaiian Electric may have gained market share despite previous earnings struggles.

Key Risk

If customer growth exceeds expectations, it could shift the narrative around Hawaiian Electric's profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Hawaiian Electric can overcome recent earnings challenges and show signs of growth.

Bull Confirmed If

An EPS of $0.20 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.15 would confirm the bear case, suggesting ongoing challenges in profitability.

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 in either direction, indicating heightened uncertainty around the earnings report.

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 a potential stock increase of around 1.29%, confirming a recovery narrative.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors await clearer guidance.

Miss

If the company misses expectations, history suggests a decline of around 1.91%, reinforcing negative sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer acquisition rates.
2Details on cost management strategies and their impact on EPS.
3Insights into regulatory changes affecting the utility sector.
4Management's outlook on future revenue growth.
5Responses to questions about competitive pressures in the market.

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Company Snapshot

Hawaiian Electric Industries, Inc. (HE) operates in the utilities sector, primarily providing electric power to Hawaii....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company has managed costs and revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to attract and retain customers, which is vital for future expansion.

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

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Hawaiian Electric can show improved EPS and revenue growth, it may signal a recovery in profitability and customer acquisition, leading to a positive market reaction.

Bear Case

Conversely, if the company reports disappointing earnings or fails to provide clear guidance, it could reinforce the negative sentiment and lead to further stock declines.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

A clear EPS figure will help gauge the company's profitability and could influence investor sentiment significantly.

How many new customers has Hawaiian Electric acquired this quarter?

Customer growth is essential for long-term revenue stability and indicates market competitiveness.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for Hawaiian Electric to improve its customer acquisition strategy, which could lead to better-than-expected growth.

Supporting Evidence

The options market is pricing a significant move, indicating that traders expect volatility that may not align with historical performance.

Recent trends in customer growth suggest that Hawaiian Electric may have gained market share despite previous earnings struggles.

Key Risk

If customer growth exceeds expectations, it could shift the narrative around Hawaiian Electric's profitability.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Hawaiian Electric can overcome recent earnings challenges and show signs of growth.

Bull Confirmed If

An EPS of $0.20 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.15 would confirm the bear case, suggesting ongoing challenges in profitability.

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 in either direction, indicating heightened uncertainty around the earnings report.

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 a potential stock increase of around 1.29%, confirming a recovery narrative.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors await clearer guidance.

Miss

If the company misses expectations, history suggests a decline of around 1.91%, reinforcing negative sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer acquisition rates.
2Details on cost management strategies and their impact on EPS.
3Insights into regulatory changes affecting the utility sector.
4Management's outlook on future revenue growth.
5Responses to questions about competitive pressures in the market.