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

Hope Bancorp

29/04/2024 21:59

* Hope Bancorp Inc  HOPE.OQ  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 33 cents.  The mean expectation of five analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 22 cents to 29 cents per share.
    * Revenue fell 14.9% to $123.33 million from a year ago;
analysts
expected $130.43 million. 
    * Hope Bancorp Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $25.86
million.
    * Hope Bancorp Inc shares had fallen by 4.8% this
quarter and
lost 9.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Hope Bancorp Inc
is $12.00 
This summary was machine generated from LSEG data April 29 at
08:59 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      0.26           0.21           Missed
 Dec. 31 2023      0.21           0.24           Beat
 Sep. 30 2023      0.26           0.25           Missed
 Jun. 30 2023      0.30           0.32           Beat