Black Hills Corporation (NYSE:BKH) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, BKH to report 3Q20 income of $ 0.51 per share.
For the full year, analysts anticipate top line of $ 1891.67 million, while looking forward to income of $ 3.58 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.45 ~ $ 3.65 per share
Click Here For More Historical Outlooks Of Black Hills Corporation
Previous Quarter Performance
Black Hills Corporation communicated income for the second quarter of $ 0.33 per share, from the revenue of $ 326.90 million. The quarterly earnings increased 37.50 percent compared with the same quarter last year. The consensus estimates are income of $ 0.32 per share from $ 395.88 million in revenue. The bottom line results beat street analysts by $ 0.01 or 3.13 percent, at the same time, top line results fell short of analysts by $ 68.98 million or 17.42 percent.
Stock Performance
On Friday, shares of Black Hills Corporation has traded high as $ 57.75 and has cracked $ 56.31 on the downward trend, reaching $ 56.66 with volume of 589.90 thousand shares.
According to the previous trading day, closing price of $ 56.66, representing a 19.62 % increase from the 52 week low of $ 48.07 and a 34 % decrease over the 52 week high of $ 87.12.
The company has a market capital of $ 3.56 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.535 per share on July 27, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 18, 2020 and ex-dividend date on August 17, 2020.
Black Hills Corporation, through its subsidiaries, operates as an electric and natural gas utility company in the United States. It operates through Electric Utilities, Gas Utilities, Power Generation, and Mining segments. The Electric Utilities segment generates, transmits, and distributes electricity to approximately 212,000 electric customers in Colorado, Montana, South Dakota, and Wyoming, as well as provides electrical system construction services to large industrial customers.
