Can Heritage Financial (HFWA) Keep the Earnings Surprise Streak Alive?

Core Viewpoint - Heritage Financial (HFWA) has a strong track record of exceeding earnings estimates and is well-positioned for future earnings surprises [1][5]. Earnings Performance - For the last reported quarter, Heritage Financial achieved earnings of $0.49 per share, surpassing the Zacks Consensus Estimate of $0.46 per share, resulting in a surprise of 6.52% [2]. - In the previous quarter, the company reported earnings of $0.51 per share against an expected $0.46 per share, delivering a surprise of 10.87% [2]. Earnings Estimates - There has been a favorable change in earnings estimates for Heritage Financial, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Heritage Financial is +1.49%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [8]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].