HarborOne Bancorp Q2 EPS $0.17 Beats $0.16 Estimate, Sales $32.10M Miss $32.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
HarborOne Bancorp reported Q2 earnings of $0.17 per share, beating the analyst consensus estimate of $0.16 by 6.25%. However, this is a 19.05% decrease from the same period last year. The company's quarterly sales of $32.10 million missed the analyst consensus estimate of $32.17 million by 0.22%, marking a 13.70% decrease from the same period last year.
July 25, 2023 | 12:48 pm
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NEGATIVE IMPACT
HarborOne Bancorp's Q2 earnings beat estimates but are down 19.05% YoY. Sales missed estimates and are down 13.70% YoY.
HarborOne Bancorp's earnings beat estimates, which is a positive signal. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100