Hope Bancorp (HOPE) Surpasses Q4 Earnings Estimates

Core Viewpoint - Hope Bancorp reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, but down from $0.32 per share a year ago, indicating a 37.5% year-over-year decline in earnings [1][2] Financial Performance - The company posted revenues of $118.02 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.47% and down from $135.2 million year-over-year, reflecting a 12.9% decrease [2] - Over the last four quarters, the company has surpassed consensus EPS estimates only once [2] Stock Performance - Hope Bancorp shares have declined approximately 1.4% since the beginning of the year, while the S&P 500 has gained 3.7% [3] - The current Zacks Rank for Hope Bancorp is 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $136.1 million, and for the current fiscal year, it is $1.19 on revenues of $568.37 million [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock performance [6] Industry Context - The Banks - West industry, to which Hope Bancorp belongs, is currently in the top 36% of over 250 Zacks industries, suggesting a relatively strong industry performance [8]