Heritage Financial Corp expected to post earnings of 40 cents a share - Earnings Preview

Heritage Financial

23/04/2024 14:21

* Heritage Financial Corp  HFWA.OQ   HFWA.O  is expected
to show a
fall in quarterly revenue when it reports  results on April 25
for the period ending March 31 2024
    * The Olympia Washington-based  company is expected to
report a
12.1% decrease in revenue to $59.894 million from $68.1 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Heritage Financial Corp
is for
earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Heritage
Financial Corp is $22.00​, above​ its last closing price
of $18.12. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.45        0.45       0.18      Missed  -60.4
 Sep. 30 2023  0.43        0.43       0.51      Beat    17.5
 Jun. 30 2023  0.48        0.48       0.48      Met     0.3​
 Mar. 31 2023  0.57        0.59       0.58      Missed  -2.4
 ​​Dec.        0.64        0.63       0.64      Beat    0.9
 31 2022                                                
 Sep. 30 2022  0.51        0.51       0.59      Beat    15.5​
 Jun. 30 2022  0.46        0.45       0.52      Beat    15
 Mar. 31 2022  0.37        0.38       0.56      Beat    49.3
 This summary was machine generated April 23 at 13:21 GMT.  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)