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

Hope Bancorp

25/04/2023 01:43

* Hope Bancorp Inc  HOPE.OQ  reported quarterly adjusted
earnings
of 33 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
37 cents per share.
    * Revenue fell 1% to $144.86 million from a year ago;
analysts
expected $152.82 million. 
    * Hope Bancorp Inc's reported EPS for the quarter was 33
cents​.
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Hope Bancorp Inc shares had fallen by 1.3% this
quarter and
lost 24.4% so far this year.
    * The company reported quarterly net income of $39.12
million.
    * Wall Street's median 12-month price target for Hope
Bancorp Inc
is $11.00 
    * 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
April 25 at 12:43 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.37           0.33           Missed
 Dec. 31 2022      0.45           0.43           Missed
 Sep. 30 2022      0.45           0.45           Met
 Jun. 30 2022      0.41           0.43           Beat