HarborOne Bancorp (HONE) Q4 Earnings and Revenues Top Estimates

Company Performance - HarborOne Bancorp reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.18 per share, and showing an increase from $0.09 per share a year ago, representing an earnings surprise of 11.11% [1] - The company posted revenues of $45.52 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.95%, compared to revenues of $38.6 million in the same quarter last year [2] - Over the last four quarters, HarborOne Bancorp has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Outlook - The immediate price movement of HarborOne Bancorp's stock will depend on management's commentary during the earnings call and future earnings expectations [3] - The stock has added about 2% since the beginning of the year, while the S&P 500 has gained 2.7% [3] - The current consensus EPS estimate for the coming quarter is $0.18 on revenues of $44.48 million, and for the current fiscal year, it is $0.87 on revenues of $183.38 million [7] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 6% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]