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Why HarborOne Bancorp (HONE) Might be Well Poised for a Surge
HONEHarborOne Bancorp(HONE) ZACKS·2024-08-02 17:21

Core Viewpoint - HarborOne Bancorp (HONE) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise their earnings estimates [1][2] Earnings Estimate Revisions - Current-quarter earnings estimate is 0.18pershare,reflectinga100.18 per share, reflecting a -10% change from the previous year, but has increased by 7.58% over the last 30 days due to three upward revisions [4] - For the full year, the earnings estimate stands at 0.68 per share, representing a +9.68% change from the year-ago figure, with a 5.47% increase in consensus estimates driven by three upward revisions [5] Analyst Sentiment - There is strong agreement among analysts in revising earnings estimates upward, leading to a Zacks Rank 2 (Buy) for HarborOne Bancorp, indicating positive sentiment and potential for outperformance [3][6] Stock Performance - HarborOne Bancorp shares have increased by 18.6% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7]