Earnings Preview: HomeStreet
Portfolio Pulse from Benzinga Insights
HomeStreet (NASDAQ:HMST) is scheduled to release its quarterly earnings report on Monday, 2024-01-29, with analysts expecting an EPS of $0.02. Investors are looking for an earnings beat and positive guidance for future growth. HomeStreet's stock performance has been negative over the past year, with a 42.67% decline. The company's past earnings have shown mixed results, with both beats and misses, and varied stock price reactions.
January 26, 2024 | 3:01 pm
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NEUTRAL IMPACT
HomeStreet is expected to report an EPS of $0.02 in its upcoming earnings. Previous quarters show a mixed performance with the potential for stock price movement post-earnings.
The expected EPS is low at $0.02, indicating potential for an earnings beat which could positively impact the stock price. However, the past year's negative stock performance and mixed earnings history suggest a cautious outlook. The importance is high due to the earnings release being a significant event for the stock, but confidence is not at the maximum due to the unpredictability of market reactions to earnings reports.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100