HomeStreet Inc reports results for the quarter ended in September 30 - Earnings Summary

Mechanics Bancorp

30/10/2024 02:54

* HomeStreet Inc  HMST.OQ  reported a quarterly adjusted
loss
of 32 cents​​ per share for the quarter ended September 30,
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 24 cents per share. Wall Street
expected results to range from -37 cents to -13 cents per share.
    * Revenue fell 19.6% to $39.68 million from a year ago;
analysts
expected $42.56 million. 
    * HomeStreet Inc's reported EPS for the quarter was a loss
of 33
cents​.
    * The company reported a quarterly loss of $7.28 million.
    * HomeStreet Inc shares had fallen by 9.3% this quarter and
gained 38.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
$15.75 
This summary was machine generated from LSEG data October 30 at
02:54 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
 Sep. 30 2024      -0.24          -0.32          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