Hope Bancorp Inc reports results for the quarter ended in June - Earnings Summary

Hope Bancorp

24/07/2023 14:31

* Hope Bancorp Inc  HOPE.OQ  reported quarterly adjusted
earnings
of 32 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
30 cents per share.
    * Revenue fell 15.7% to $127.36 million from a year ago;
analysts
expected $141.07 million. 
    * Hope Bancorp Inc's reported EPS for the quarter was 32
cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Hope Bancorp Inc shares had risen by 13.3% this
quarter and
lost 25.5% so far this year.
    * The company reported quarterly net income of $38.02
million.
    * Wall Street's median 12-month price target for Hope
Bancorp Inc
is $10.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
24 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.30           0.32           Beat
 Mar. 31 2023      0.37           0.33           Missed
 Dec. 31 2022      0.45           0.43           Missed
 Sep. 30 2022      0.45           0.45           Met