Heritage Financial (HFWA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - Heritage Financial (HFWA) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 24, with a consensus estimate of $0.50 per share, reflecting an 11.1% increase year-over-year. Revenues are projected to be $63.4 million, marking a 12.5% rise from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP for Heritage Financial is +1.49%, suggesting that analysts have recently become more optimistic about the company's earnings prospects. The stock currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Heritage Financial exceeded the expected earnings of $0.46 per share by delivering $0.49, resulting in a surprise of +6.52%. Over the past four quarters, the company has beaten consensus EPS estimates three times [13][14]. Conclusion - Heritage Financial is viewed as a strong candidate for an earnings beat, although investors are advised to consider additional factors beyond earnings results when making investment decisions [17].