Home BancShares Inc reports results for the quarter ended in December - Earnings Summary

Home BancShares

18/01/2024 14:31

* Home BancShares Inc  HOMB.N  reported quarterly adjusted
earnings of 48 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 57 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 45 cents per
share. Wall Street expected results to range from 39 cents to 48
cents per share.
    * Revenue fell 9.8% to $245.62 million from a year ago;
analysts
expected $243.07 million. 
    * Home BancShares Inc's reported EPS for the quarter was 43
cents​.
    * The company reported quarterly net income of $86.24
million.
    * Home BancShares Inc shares had fallen by 8.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Home
BancShares
Inc is $27.00 

This summary was machine generated from LSEG data January 18 at
02:30 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
 Dec. 31 2023      0.45           0.48           Beat
 Sep. 30 2023      0.48           0.49           Beat
 Jun. 30 2023      0.51           0.52           Beat
 Mar. 31 2023      0.50           0.51           Beat