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

Mechanics Bancorp

29/07/2024 22:01

* HomeStreet Inc  HMST.OQ  reported a quarterly adjusted
loss
of 23 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 17 cents.  The mean expectation of four analysts for the
quarter was for a loss of 26 cents per share. Wall Street
expected results to range from -33 cents to -19 cents per share.
    * Revenue fell 20.2% to $42.93 million from a year ago;
analysts
expected $42.81 million. 
    * HomeStreet Inc's reported EPS for the quarter was a loss
of 33
cents​.
    * The company reported a quarterly loss of $6.24 million.
    * HomeStreet Inc shares had risen by 22.7% this quarter and
gained 35.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 562.4% 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 "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
$13.50 
This summary was machine generated from LSEG data July 29 at
09:00 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
 Jun. 30 2024      -0.26          -0.23          Beat
 Mar. 31 2024      -0.12          -0.29          Missed
 Dec. 31 2023      0.02           -0.12          Missed
 Sep. 30 2023      0.05           0.12           Beat