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

Mechanics Bancorp

24/04/2023 23:05

* HomeStreet Inc  HMST.OQ  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
40 cents per share.
    * Revenue fell 15% to $59.57 million from a year ago;
analysts
expected $63.24 million. 
    * HomeStreet Inc's reported EPS for the quarter was 27
cents​.
    * The mean earnings estimate of analysts had fallen by
about 39.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * HomeStreet Inc shares had fallen by 2.5% this quarter and
lost 36.4% so far this year.
    * The company reported quarterly net income of $5.06
million.
    * Wall Street's median 12-month price target for HomeStreet
Inc is
$22.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.96           0.94           Missed