Heritage Financial (HFWA) Q1 Earnings Top Estimates

Core Viewpoint - Heritage Financial (HFWA) reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of$ 0.46 per share, and showing an increase from $0.40 per share a year ago, indicating a positive earnings surprise of 6.52% [1] Financial Performance - The company posted revenues of$ 57.59 million for the quarter ended March 2025, which fell short of the Zacks Consensus Estimate by 5.74%, compared to $48.63 million in revenues from the same quarter last year [2] - Over the last four quarters, Heritage Financial has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Heritage Financial shares have declined approximately 6.2% since the beginning of the year, while the S&P 500 has seen a decline of 8.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.49 on revenues of $62.87 million, and for the current fiscal year, it is$ 2.03 on revenues of $253.9 million [7] - The estimate revisions trend for Heritage Financial is mixed, and future earnings expectations will depend on management's commentary during the earnings call [3][4] Industry Context - The Financial - Savings and Loan industry, to which Heritage Financial belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]