Hope Bancorp Inc reports results for the quarter ended in September 30 - Earnings Summary

Hope Bancorp

28/10/2024 19:53

* Hope Bancorp Inc  HOPE.OQ  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 25 cents.  The mean expectation of five analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 20 cents to 24 cents per share.
    * Revenue fell 18.8% to $116.65 million from a year ago;
analysts
expected $121.13 million. 
    * Hope Bancorp Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $24.16
million.
    * Hope Bancorp Inc shares had fallen by 0.7% this
quarter and
gained 3.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"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 14.00 
This summary was machine generated from LSEG data October 28 at
07:53 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
 Sep. 30 2024      0.22           0.21           Missed
 Jun. 30 2024      0.22           0.22           Met
 Mar. 31 2024      0.26           0.23           Missed
 Dec. 31 2023      0.21           0.24           Beat