HarborOne Bancorp (HONE) Lags Q1 Earnings and Revenue Estimates

Company Performance - HarborOne Bancorp reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of$ 0.17 per share, and down from $0.17 per share a year ago, representing an earnings surprise of -17.65% [1] - The company posted revenues of$ 41.36 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 5.88%, and slightly up from year-ago revenues of $41.32 million [2] - Over the last four quarters, HarborOne Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - HarborOne Bancorp shares have declined approximately 15.9% since the beginning of the year, compared to the S&P 500's decline of -8.6% [3] - The current consensus EPS estimate for the coming quarter is$ 0.20 on $44.9 million in revenues, and$ 0.83 on $181.29 million in revenues for the current fiscal year [7] Industry Outlook - The Zacks Industry Rank for Banks - Northeast is currently in the top 22% 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, suggesting that industry performance can materially impact individual stock performance [5][8]