HarborOne Bancorp Q3 2024 GAAP EPS $0.10 Misses $0.19 Estimate, Sales $31.890M Miss $32.168M Estimate
Portfolio Pulse from Benzinga Newsdesk
HarborOne Bancorp reported Q3 2024 earnings of $0.10 per share, missing the consensus estimate of $0.19. Sales were $31.890M, slightly below the $32.168M estimate. Earnings decreased by 50% from the previous year, while sales increased by 2.61%.
October 24, 2024 | 12:33 pm
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NEGATIVE IMPACT
HarborOne Bancorp's Q3 2024 earnings per share of $0.10 missed the analyst estimate of $0.19, marking a 50% decrease from last year. Sales were slightly below expectations at $31.890M.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact HarborOne Bancorp's stock price in the short term. The 50% decrease in EPS compared to last year highlights potential challenges in profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100