HomeStreet Q1 2024 GAAP EPS $(0.40) Misses $(0.08) Estimate
Portfolio Pulse from Benzinga Newsdesk
HomeStreet (NASDAQ:HMST) reported a Q1 2024 GAAP EPS loss of $(0.40), missing the analyst consensus estimate of $(0.08) by 400 percent.
April 30, 2024 | 9:48 pm
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NEGATIVE IMPACT
HomeStreet reported a significant miss in its Q1 2024 earnings, with a GAAP EPS loss of $(0.40) versus the expected $(0.08).
The significant miss in earnings per share (EPS) compared to analyst expectations usually leads to negative investor sentiment in the short term. Given the magnitude of the miss (400 percent), it's likely that HMST's stock price will face downward pressure as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100