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

Home Point Capital

12/05/2022 14:32

* Home Point Capital Inc  HMPT.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in March.
The mean expectation of ten analysts for the quarter was for a
loss of 2 cents per share.
    * Revenue fell 62.5% to $158.20 million from a year ago; 
analysts
expected $134.25 million. 
    * Home Point Capital Inc's reported EPS for the quarter was
8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 116.3% in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Home Point Capital Inc shares had risen by 5.5% this
quarter and
lost 27.1% so far this year.
    * The company reported quarterly net income of $11.9
million.
    * Wall Street's median 12-month price target for Home Point
Capital Inc is $4.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated May 12 at 01:32 p.m.  ​All
figures in US dollars unless otherwise stated