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

Mechanics Bancorp

28/07/2023 22:01

* HomeStreet Inc  HMST.OQ  reported quarterly adjusted
earnings of
17 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
19 cents per share.
    * Revenue fell 26.4% to $53.79 million from a year ago;
analysts
expected $56.64 million. 
    * HomeStreet Inc's reported EPS for the quarter was a loss
of
$1.67​.
    * The mean earnings estimate of analysts had fallen by
about 41.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * HomeStreet Inc shares had risen by 70.1% this quarter and
lost 63.5% so far this year.
    * The company reported a quarterly loss of $31.42 million.
    * Wall Street's median 12-month price target for HomeStreet
Inc is
$7.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
28 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.19           0.17           Missed
 Mar. 31 2023      0.40           0.27           Missed
 Dec. 31 2022      0.75           0.45           Missed
 Sep. 30 2022      1.02           1.08           Beat