Recap: HomeStreet Q2 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Shares of HomeStreet (NASDAQ:HMST) rose in after-market trading after the company reported Q2 results.

Quarterly Results

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Earnings per share rose 69.14% over the past year to $1.37, which beat the estimate of $1.16.

Revenue of $86,196,000 decreased by 2.16% year over year, which missed the estimate of $86,810,000.

Outlook

Earnings guidance hasn't been issued by the company for now.


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HomeStreet hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $52.46

Company's 52-week low was at $23.31

Price action over last quarter: down 9.40%

Company Profile

HomeStreet Inc is a commercial bank. It provides commercial and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsBZI-Recaps