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Heritage Commerce (HTBK) Q1 Earnings Top Estimates
HTBKHeritage merce p(HTBK) ZACKS·2025-04-24 22:45

Group 1 - Heritage Commerce (HTBK) reported quarterly earnings of 0.19pershare,exceedingtheZacksConsensusEstimateof0.19 per share, exceeding the Zacks Consensus Estimate of 0.18 per share, and showing an increase from 0.17pershareayearago,resultinginanearningssurpriseof5.560.17 per share a year ago, resulting in an earnings surprise of 5.56% [1] - The company posted revenues of 46.06 million for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.31%, and an increase from 42.14millionyear−over−year[2]−Overthelastfourquarters,HeritageCommercehassurpassedconsensusEPSestimatesonlyonceandhastoppedconsensusrevenueestimatesjustonce[2]Group2−Thestock′simmediatepricemovementwilllargelydependonmanagement′scommentaryduringtheearningscall,withsharesdownapproximately3.342.14 million year-over-year [2] - Over the last four quarters, Heritage Commerce has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Group 2 - The stock's immediate price movement will largely depend on management's commentary during the earnings call, with shares down approximately 3.3% year-to-date compared to the S&P 500's decline of 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is 0.20 on revenues of 47.13million,andforthecurrentfiscalyear,itis47.13 million, and for the current fiscal year, it is 0.80 on revenues of $191.47 million [7] - The Zacks Industry Rank for Banks - West is in the bottom 42% of over 250 Zacks industries, indicating potential challenges for stock performance [8]