HomeStreet Q4 Adj EPS $(0.12) Misses $0.02 Estimate, Sales $45.95M Miss $49.71M Estimate
Portfolio Pulse from bharat@benzinga.com
HomeStreet Inc. (NASDAQ:HMST) reported a Q4 adjusted EPS of $(0.12), which is below the $0.02 estimate, marking a 700% miss and a 126.67% decrease from the $0.45 EPS a year ago. Sales were $45.95M, missing the $49.71M estimate by 7.57% and down 29.71% from $65.36M in the same quarter last year.
January 29, 2024 | 9:13 pm
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NEGATIVE IMPACT
HomeStreet Inc. reported a larger-than-expected loss in Q4 with an EPS of $(0.12), missing estimates by 700%. Sales also fell short of expectations at $45.95M, a 29.71% decrease from the previous year.
The reported earnings significantly missed analyst expectations, which is likely to negatively impact investor sentiment and the stock price in the short term. The substantial decrease in both EPS and sales compared to the same period last year further emphasizes the company's underperformance, which could lead to a decline in stock price as the market reacts to these results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100