Core Viewpoint - Hanmi Financial (HAFC) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2] Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Hanmi Financial's earnings prospects, which is expected to influence its stock price positively [2] - For the current quarter, Hanmi Financial is projected to earn $0.71 per share, a 22.4% increase from the previous year, with a 5.47% rise in consensus estimates over the last 30 days [6] - For the full year, the earnings estimate is $2.52 per share, representing a year-over-year increase of 22.9%, with a 5.29% boost in consensus estimates [7][8] Zacks Rank - Hanmi Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for stock performance [9] - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3] Stock Performance - The stock has gained 9.9% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10]
Why Hanmi Financial (HAFC) Might be Well Poised for a Surge