HomeStreet Q3 2023 EPS $0.12 Beats $0.05 Estimate, Sales $49.38M Miss $52.92M Estimate
Portfolio Pulse from vinayak@benzinga.com
HomeStreet (NASDAQ:HMST) reported Q3 2023 earnings of $0.12 per share, beating the analyst consensus estimate of $0.05 by 140%. However, this is a 88.89% decrease from the same period last year. The company's quarterly sales of $49.38 million missed the analyst consensus estimate of $52.92 million by 6.70%, marking a 35.32% decrease from the same period last year.
October 30, 2023 | 8:48 pm
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HomeStreet's Q3 2023 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
HomeStreet's earnings beat estimates, which is positive. However, the significant YoY decrease in both earnings and sales, as well as the missed sales estimate, are negative indicators that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100