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

Hope Bancorp

23/10/2023 14:31

* Hope Bancorp Inc  HOPE.OQ  reported quarterly adjusted
earnings
of 25 cents​​ per share for the quarter ended in September. The
mean expectation of five analysts for the quarter was
for earnings of 26 cents per share.
    * Revenue fell 13.7% to $143.68 million from a year ago;
analysts
expected $138.25 million. 
    * Hope Bancorp Inc's reported EPS for the quarter was 25
cents​.
    * The mean earnings estimate of analysts had fallen by
about 12.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Hope Bancorp Inc shares had fallen by 1.4% this
quarter and
lost 31.9% so far this year.
    * The company reported quarterly net income of $30.05
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
October 23 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.26           0.25           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