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HomeStreet Earnings Preview

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HomeStreet (NASDAQ:HMST) unveils its next round of earnings this Monday, January 25. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering HomeStreet modeled for quarterly EPS of $1.07 on revenue of $89.30 million. In the same quarter last year, HomeStreet reported earnings per share of $0.61 on revenue of $67.44 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 75.41% increase in the company's earnings. Sales would be up 32.41% from the year-ago period. Here is how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.83 0.31 0.31 0.43
EPS Actual 1.15 0.81 0.30 0.54
Revenue Estimate 86.80 M 76.18 M 66.38 M 67.41 M
Revenue Actual 91.84 M 88.10 M 78.06 M 67.44 M

Stock Performance

Over the last 52-week period, shares are up 15.04%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. HomeStreet is scheduled to hold the call at 13:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings