Black Hills Corporation (BKH)

Black Hills Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Black Hills stock have an average target of 56, with a low estimate of 49 and a high estimate of 61. The average target predicts an increase of 3.19% from the current stock price of 54.27.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$49	$56	$57	$61
Change	-9.71%	+3.19%	+5.03%	+12.40%

Analyst Ratings

The average analyst rating for Black Hills stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	5	5	5	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	6	6	6	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Anthony Crowdell Mizuho	Mizuho	Hold Maintains $53 → $57	Hold	Maintains	$53 → $57	+5.03%	Jun 4, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $56 → $61	Hold	Maintains	$56 → $61	+12.40%	May 10, 2024
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Apr 22, 2024
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $57 → $58	Hold	Maintains	$57 → $58	+6.87%	Feb 9, 2024
Shelby Tucker RBC Capital	RBC Capital	Hold Maintains $61 → $57	Hold	Maintains	$61 → $57	+5.03%	Feb 9, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.32B

Decreased by -0.40%

from 2.33B

Revenue Next Year

2.40B

Increased by 3.23%

from 2.32B

EPS This Year

3.95

Increased by 0.94%

from 3.91

EPS Next Year

4.16

Increased by 5.37%

from 3.95

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	1.73B	1.70B	1.95B	2.55B	2.33B	2.32B	2.40B	2.47B	2.76B	2.93B
Revenue Growth	-1.10%	-2.19%	14.86%	30.92%	-8.64%	-0.40%	3.23%	2.88%	11.88%	6.34%
EPS	3.28	3.65	3.74	3.97	3.91	3.95	4.16	4.39	4.69	4.87
EPS Growth	-29.61%	11.28%	2.47%	6.15%	-1.51%	0.94%	5.37%	5.65%	6.78%	3.77%
Forward PE	-	-	-	-	-	13.75	13.05	12.35	11.57	11.15
No. Analysts	-	-	-	-	-	5	5	5	3	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	2.6B	2.7B	2.8B	3.0B	3.1B
Avg	2.3B	2.4B	2.5B	2.8B	2.9B
Low	2.0B	2.0B	2.1B	2.6B	2.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.9%	16.1%	17.6%	19.7%	10.5%
Avg	-0.4%	3.2%	2.9%	11.9%	6.3%
Low	-15.0%	-12.3%	-13.4%	5.4%	3.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.12	4.36	4.63	4.88	5.06
Avg	3.95	4.16	4.39	4.69	4.87
Low	3.82	3.97	4.13	4.55	4.72

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	5.3%	10.4%	11.3%	11.1%	7.9%
Avg	0.9%	5.4%	5.6%	6.8%	3.8%
Low	-2.3%	0.6%	-0.8%	3.5%	0.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.