HarborOne Bancorp Q1 EPS $0.17 Beats $0.11 Estimate, Sales $30.58M Beat $29.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
HarborOne Bancorp (NASDAQ:HONE) reported Q1 earnings of $0.17 per share, surpassing the $0.11 estimate, a 6.25% increase from last year. Sales reached $30.58M, beating the $29.25M estimate but marking an 11.09% decrease from the previous year.
April 25, 2024 | 12:36 pm
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POSITIVE IMPACT
HarborOne Bancorp's Q1 earnings exceeded expectations with a 6.25% increase in EPS from last year and sales beating estimates but showing a decrease from the previous year.
The positive earnings surprise and sales beat are likely to instill investor confidence and could lead to a short-term uptick in HONE's stock price. However, the year-over-year decrease in sales might temper some of the enthusiasm, hence the importance is not at the maximum.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100