HarborOne Bancorp Inc reports results for the quarter ended in June - Earnings Summary

HarborOne Bancorp

25/07/2024 14:19

* HarborOne Bancorp Inc  HONE.OQ  reported quarterly
adjusted
earnings of 18 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 17 cents.  The mean expectation of four analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 16 cents to 17 cents per
share.
    * Revenue fell 28.2% to $31.35 million from a year ago;
analysts
expected $30.62 million. 
    * HarborOne Bancorp Inc's reported EPS for the quarter was
18
cents​.
    * The company reported quarterly net income of $7.3 million.
    * HarborOne Bancorp Inc shares had risen by 18.4% this
quarter and
gained 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for HarborOne Bancorp
Inc is $12.25 
This summary was machine generated from LSEG data July 25 at
01:19 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.17           0.18           Beat
 Mar. 31 2024      0.11           0.17           Beat
 Dec. 31 2023      0.16           0.09           Missed
 Sep. 30 2023      0.16           0.20           Beat