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

Home BancShares

18/04/2024 20:23

* Home BancShares Inc  HOMB.N  reported quarterly adjusted
earnings of 49 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 51 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 46 cents per share. Wall Street
expected results to range from 45 cents to 48 cents per share.
    * Revenue fell 1% to $246.39 million from a year ago;
analysts
expected $240.46 million. 
    * Home BancShares Inc's reported EPS for the quarter was 50
cents​.
    * The company reported quarterly net income of $100.11
million.
    * Home BancShares Inc shares had fallen by 8.7% this
quarter and
lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 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 April 18 at
07:22 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      0.46           0.49           Beat
 Dec. 31 2023      0.45           0.48           Beat
 Sep. 30 2023      0.48           0.49           Beat
 Jun. 30 2023      0.51           0.52           Beat