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Hanmi Financial (HAFC) Q2 Earnings Meet Estimates
Hanmi Financial Hanmi Financial (US:HAFC) ZACKSยท2024-07-23 22:20

Financial Performance - Hanmi Financial reported quarterly earnings of $0.48 per share, matching the Zacks Consensus Estimate, but down from $0.67 per share a year ago [1] - The company posted revenues of $56.68 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 4.05% and down from $63.36 million year-over-year [2] - Over the last four quarters, Hanmi Financial has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2][1] Market Performance - Hanmi Financial shares have increased by approximately 3.4% since the beginning of the year, while the S&P 500 has gained 16.7% [3] - The company's current Zacks Rank is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $60.87 million, and for the current fiscal year, it is $2.02 on revenues of $240.4 million [7] - The outlook for the industry, specifically the Banks - West sector, is in the bottom 34% of Zacks industries, which may impact the stock's performance [8]