HomeStreet (HMST) Reports Q3 Loss, Lags Revenue Estimates

分组1 - HomeStreet reported a quarterly loss of $0.32 per share, missing the Zacks Consensus Estimate of a loss of $0.20, and compared to earnings of $0.12 per share a year ago, representing an earnings surprise of -60% [1] - The company posted revenues of $39.68 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 7.58%, and down from year-ago revenues of $49.38 million [2] - HomeStreet has surpassed consensus EPS estimates only once in the last four quarters and has not beaten consensus revenue estimates during the same period [2] 分组2 - HomeStreet shares have increased by approximately 38.7% since the beginning of the year, outperforming the S&P 500's gain of 22.1% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is -$0.13 on revenues of $43.7 million, and for the current fiscal year, it is -$0.87 on revenues of $171.6 million [7] 分组3 - The Zacks Industry Rank for Financial - Savings and Loan is currently in the top 13% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for HomeStreet is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]