Hawaiian Electric Industries Inc. HE reported earnings per share (EPS) of 31 cents in the first quarter of 2020, which declined 26.2% from 42 cents in the prior-year quarter.Total RevenuesHawaiian Electric’s total revenues of $677.2 million in the first quarter rose 2.4% from the prior-year quarter’s $661.6 million. The improvement can be attributed to increased contributions from the Electric Utility segment.Hawaiian Electric Industries Inc Price, Consensus and EPS Surprise Hawaiian Electric Industries Inc price-consensus-eps-surprise-chart | Hawaiian Electric Industries Inc QuoteOperating StatisticsTotal expenses grew 5.8% year over year to $617.5 million during the first quarter, led by an increase in expenses in both Electric Utility and Bank segments.Hawaiian Electric’s total operating income declined 23.4% year over year to $59.7 million, driven by lower contributions from the Electric Utility and Bank segments.Net interest expenses amounted to $21.8 million, down from $23.1 million in the prior-year quarter.Segment DetailsElectric Utility: Revenues at this segment totaled $597.4 million, down 3.3% year over year. Also, net income declined to $44 million from $56.6 million a year ago.Banking: At this segment, revenues summed $79.7 million, down 4% year over year. Meanwhile, net income declined to $19.4 million from $26.1 million a year ago.GuidanceHawaiian Electric reaffirmed its earnings guidance for 2020. The company continues to expect earnings in the range of $1.90-$2.10 per share. The Zacks Consensus Estimate for 2020 earnings is pegged at $1.88 per share, just below the company’s guided range.Zacks Rank & Stock to ConsiderHawaiian Electric currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesFirstEnergy Corporation FE delivered first-quarter 2020 operating earnings of 66 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 3.13%.NextEra Energy NEE reported first-quarter 2020 adjusted earnings of $2.38 per share, which surpassed the Zacks Consensus Estimate of $2.21 by 7.7%.CMS Energy Corporation CMS reported first-quarter 2020 adjusted EPS of 86 cents, which surpassed the Zacks Consensus Estimate of 77 cents by 11.7%.5 Stocks Set to DoubleEach was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FirstEnergy Corporation (FE): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report Hawaiian Electric Industries Inc (HE): Free Stock Analysis Report NextEra Energy Inc (NEE): Free Stock Analysis Report To read this article on Zacks.com click here.