Skip to main content

Market Overview

Q2 Earnings Preview For HomeStreet

Share:

On Monday, July 22, HomeStreet (NASDAQ: HMST) will release its latest earnings report. Benzinga's outlook for HomeStreet is included in the following report.

Earnings and Revenue

HomeStreet EPS will likely be near 53 cents while revenue will be around $64.38 million, according to analysts.

HomeStreet earnings in the same period a year ago was 46 cents. Quarterly sales came in at $120.39 million. If the company were to match the consensus estimate when it reports Monday, EPS would be up 15.22%. Sales would be down 46.52% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q1 2019 Q4 2018 Q3 2018 Q2 2018
EPS Estimate 0.33 0.36 0.41 0.32
EPS Actual 0.300 0.36 0.45 0.46

Stock Performance

Shares of HomeStreet were trading at $27.79 as of July 18. Over the last 52-week period, shares are down 2.32%. Given that these returns are generally negative, long-term shareholders are probably upset going into this earnings release.

Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. The popular rating by analysts on HomeStreet stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

 

Related Articles (HMST)

View Comments and Join the Discussion!

Posted-In: Earnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com