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

HarborOne Bancorp

25/04/2024 16:50

* HarborOne Bancorp Inc  HONE.OQ  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 16 cents.  The mean expectation of four analysts
for the quarter was for earnings of 11 cents per share. Wall
Street expected results to range from 9 cents to 14 cents per
share.
    * Revenue fell 11.1% to $30.58 million from a year ago;
analysts
expected $29.23 million. 
    * HarborOne Bancorp Inc's reported EPS for the quarter was
17
cents​.
    * The company reported quarterly net income of $7.3 million.
    * HarborOne Bancorp Inc shares had fallen by 5.7% this
quarter and
lost 16.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.6%
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 April 25 at
03:50 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
 Mar. 31 2024      0.11           0.17           Beat
 Dec. 31 2023      0.16           0.09           Missed
 Sep. 30 2023      0.16           0.20           Beat
 Jun. 30 2023      0.16           0.17           Beat