No. of Recommendations: 4
I think there are reasons to look more favorably at the valuation of BHE than what recent earnings would suggest...Seems reasonable.
For whatever it's worth, these are the trailing-four-quarter net earnings at BHE as reported, and the same figures with the addition of my two adjustments to 2023-Q1 and 2023-Q1.
Gives an interesting insight when graphed...some gentle roll-off lately, but not a plummet.
TTM... True Jim's
2019-Q4 2,840 2,840
2020-Q1 2,796 2,796
2020-Q2 2,822 2,822
2020-Q3 3,039 3,039
2020-Q4 3,141 3,141
2021-Q1 3,283 3,283
2021-Q2 3,390 3,390
2021-Q3 3,491 3,491
2021-Q4 3,572 3,572
2022-Q1 3,619 3,619
2022-Q2 3,693 3,693
2022-Q3 3,798 3,798
2022-Q4 3,904 3,904
2023-Q1 3,570 3,888
2023-Q2 3,685 4,003
2023-Q3 2,438 3,899
2023-Q4 2,331 3,792
2024-Q1 2,632 3,775
2024-Q2 2,496 3,639
Jim
