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

Mechanics Bancorp

31/01/2024 07:55

* HomeStreet Inc  HMST.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 45 cents.  The mean expectation of four analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from -2 cents to 8 cents per share.
    * Revenue fell 29.7% to $45.95 million from a year ago;
analysts
expected $49.71 million. 
    * HomeStreet Inc's reported EPS for the quarter was a loss
of 18
cents​.
    * The company reported a quarterly loss of $3.42 million.
    * HomeStreet Inc shares had risen by 41.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
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 "hold"
and
the breakdown of recommendations is no "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 HomeStreet Inc is
$15.75 
This summary was machine generated from LSEG data January 31 at
07:54 a.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 2023      0.02           -0.12          Missed
 Sep. 30 2023      0.05           0.12           Beat
 Jun. 30 2023      0.19           0.17           Missed
 Mar. 31 2023      0.40           0.27           Missed