HomeStreet Inc reports results for the quarter ended December 31 - Earnings Summary

Mechanics Bancorp

27/01/2025 22:02

* HomeStreet Inc  HMST.OQ  reported a quarterly adjusted
loss
of 27 cents​​ per share for the quarter ended December 31, lower
than the same quarter last year, when the company reported EPS
of -12 cents.  The mean expectation of four analysts for the
quarter was for a loss of 19 cents per share. Wall Street
expected results to range from -29 cents to -14 cents per share.
    * Revenue fell 12.3% to $40.31 million from a year ago;
analysts
expected $41.11 million. 
    * HomeStreet Inc's reported EPS for the quarter was a loss
of
$6.54​.
    * The company reported a quarterly loss of $123.33 million.
    * HomeStreet Inc shares had fallen by 10.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for HomeStreet Inc is
$12.50 
This summary was machine generated from LSEG data January 27 at
10:01 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
 Dec. 31 2024      -0.19          -0.27          Missed
 Sep. 30 2024      -0.24          -0.32          Missed
 Jun. 30 2024      -0.26          -0.23          Beat
 Mar. 31 2024      -0.12          -0.29          Missed