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 customers in Hawaii....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well HE is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, which is vital for long-term sustainability.

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 customers in Hawaii. As a key player in the electric utilities sector, it plays a crucial role in supporting the state's energy needs and transitioning 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 did not provide revenue figures or analyst estimates. The stock reacted negatively, dropping 3.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall expectations for HE are mixed, as the company has struggled to meet earnings estimates in recent quarters. Investors are looking for signs of improvement in profitability and revenue generation.

Bull Case

If HE can show significant improvement in EPS and revenue growth, it may signal a turnaround in performance, attracting more investors.

Bear Case

Continued underperformance or failure to provide clear guidance could lead to further declines in stock price, as investors may lose confidence in the company's management.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining the company's profitability and could significantly impact investor sentiment.

What is the current customer count and growth rate?

Understanding customer growth is vital for assessing the company's market position and future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate HE's potential for recovery, as recent investments in renewable energy could lead to improved margins and customer growth.

Supporting Evidence

The options market is pricing a larger move than historical averages, indicating heightened expectations.

Past performance shows that HE has often underperformed but may be on the cusp of a turnaround with strategic initiatives.

The lack of recent insider activity suggests management confidence in upcoming results.

Key Risk

If EPS exceeds $0.25, it could challenge the current bearish sentiment and shift investor perception.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether HE can demonstrate a recovery in profitability and customer growth.

Bull Confirmed If

Earnings per share of $0.25 or higher would confirm a positive outlook and growth potential.

Bear Confirmed If

An EPS below $0.15 would suggest ongoing challenges and could lead to further declines in stock price.

Pre-Earnings Positioning

Options Market

Implied Move

±18.23%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility 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 HE beats expectations, history suggests a potential average one-day move of +1.29%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line but cautious, the stock may see muted movement as investors await clearer guidance.

Miss

A miss could lead to a decline of around -1.91%, reinforcing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on renewable energy initiatives and their impact on costs.
2Details on customer acquisition strategies and growth metrics.
3Management's outlook on regulatory changes affecting the utility sector.
4Insights into operational efficiencies and cost management efforts.
5Any commentary on competitive pressures within the Hawaiian energy market.

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Company Snapshot

Hawaiian Electric Industries, Inc. (HE) is a utility company that provides electricity to customers in Hawaii....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of the company's profitability and will indicate how well HE is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and increase sales, which is vital for long-term sustainability.

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 did not provide revenue figures or analyst estimates. The stock reacted negatively, dropping 3.83% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If HE can show significant improvement in EPS and revenue growth, it may signal a turnaround in performance, attracting more investors.

Bear Case

Continued underperformance or failure to provide clear guidance could lead to further declines in stock price, as investors may lose confidence in the company's management.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

The EPS figure will be crucial in determining the company's profitability and could significantly impact investor sentiment.

What is the current customer count and growth rate?

Understanding customer growth is vital for assessing the company's market position and future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate HE's potential for recovery, as recent investments in renewable energy could lead to improved margins and customer growth.

Supporting Evidence

The options market is pricing a larger move than historical averages, indicating heightened expectations.

Past performance shows that HE has often underperformed but may be on the cusp of a turnaround with strategic initiatives.

The lack of recent insider activity suggests management confidence in upcoming results.

Key Risk

If EPS exceeds $0.25, it could challenge the current bearish sentiment and shift investor perception.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether HE can demonstrate a recovery in profitability and customer growth.

Bull Confirmed If

Earnings per share of $0.25 or higher would confirm a positive outlook and growth potential.

Bear Confirmed If

An EPS below $0.15 would suggest ongoing challenges and could lead to further declines in stock price.

Pre-Earnings Positioning

Options Market

Implied Move

±18.23%

Historical Avg

±1.3%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility 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 HE beats expectations, history suggests a potential average one-day move of +1.29%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line but cautious, the stock may see muted movement as investors await clearer guidance.

Miss

A miss could lead to a decline of around -1.91%, reinforcing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on renewable energy initiatives and their impact on costs.
2Details on customer acquisition strategies and growth metrics.
3Management's outlook on regulatory changes affecting the utility sector.
4Insights into operational efficiencies and cost management efforts.
5Any commentary on competitive pressures within the Hawaiian energy market.