Black Hills Corporation (BKH)

Black Hills Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for Black Hills stock have an average target of 58, with a low estimate of 49 and a high estimate of 64. The average target predicts a decrease of -8.55% from the current stock price of 63.43.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$49	$58	$57	$64
Change	-22.74%	-8.55%	-10.13%	+0.91%

* Price targets were last updated on Aug 20, 2024.

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	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	4	4	4	4	4	4
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $54 → $63	Hold	Maintains	$54 → $63	-0.67%	Aug 20, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $61 → $64	Hold	Maintains	$61 → $64	+0.91%	Aug 2, 2024
Anthony Crowdell Mizuho	Mizuho	Hold Maintains $53 → $57	Hold	Maintains	$53 → $57	-10.13%	Jun 4, 2024
Sarah Akers Wells Fargo	Wells Fargo	Hold Maintains $56 → $61	Hold	Maintains	$56 → $61	-3.82%	May 10, 2024
Andrew Weisel Scotiabank	Scotiabank	Hold Maintains $58 → $54	Hold	Maintains	$58 → $54	-14.86%	Apr 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

2.36B

Increased by 1.23%

from 2.33B

Revenue Next Year

2.44B

Increased by 3.52%

from 2.36B

EPS This Year

3.96

Increased by 1.30%

from 3.91

EPS Next Year

4.16

Increased by 5.10%

from 3.96

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.73B	1.70B	1.95B	2.55B	2.33B	2.36B	2.44B	2.47B
Revenue Growth	-1.10%	-2.19%	14.86%	30.92%	-8.64%	1.23%	3.52%	0.90%
EPS	3.28	3.65	3.74	3.97	3.91	3.96	4.16	4.39
EPS Growth	-29.55%	11.25%	2.50%	6.15%	-1.51%	1.30%	5.10%	5.54%
Forward PE	-	-	-	-	-	16.01	15.24	14.44
No. Analysts	-	-	-	-	-	7	7	6

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
Avg	2.4B	2.4B	2.5B
Low	2.0B	2.0B	2.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.5%	15.0%	15.8%
Avg	1.2%	3.5%	0.9%
Low	-15.0%	-13.7%	-15.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.15	4.36	4.63
Avg	3.96	4.16	4.39
Low	3.82	3.97	4.13

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	6.1%	10.0%	11.2%
Avg	1.3%	5.1%	5.5%
Low	-2.3%	0.2%	-0.9%

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.