Earnings Preview: Hanmi Financial

Hanmi Financial HAFC unveils its next round of earnings this Tuesday, July 27. Get prepared with Benzinga's ultimate preview for Hanmi Financial's Q2 earnings.

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

Wall Street analysts see Hanmi Financial reporting earnings of $0.48 per share on revenue of $54.27 million. Hanmi Financial reported a profit of $0.3 per share when it published results during the same quarter last year. Sales in that period totaled $65.37 million.

Why Analyst Estimates And Earnings Surprises Are Important

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 Wall Street estimate would represent a 60.0% increase in the company's earnings. Sales would have fallen 16.98% from the same quarter last year. Hanmi Financial's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate 0.43 0.35 0.26 0.15
EPS Actual 0.54 0.47 0.48 0.30
Revenue Estimate 54.52 M 53.27 M 52.68 M 49.57 M
Revenue Actual 55.81 M 55.69 M 52.74 M 65.37 M

eps graph

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

For a full 12 months, the return has risen by 92.79%. Given that these returns are generally positive, long-term shareholders are probably relaxed 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. Hanmi Financial is scheduled to hold the call at 17:00:00 ET and can be accessed here.

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