Analysts on Wall Street project that Home BancShares (HOMB) will announce quarterly earnings of $0.58 per share in its forthcoming report, representing an increase of 11.5% year over year. Revenues are projected to reach $260.63 million, increasing 2.4% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Home BancShares metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Interest Margin' will reach 4.4%. The estimate is in contrast to the year-ago figure of 4.3%.
The average prediction of analysts places 'Efficiency Ratio' at 42.6%. The estimate is in contrast to the year-ago figure of 43.2%.
The combined assessment of analysts suggests that 'Total non-performing loans' will likely reach $90.98 million. Compared to the present estimate, the company reported $86.34 million in the same quarter last year.
The consensus estimate for 'Average balance - Total interest-earning assets' stands at $19.98 billion. The estimate compares to the year-ago value of $20.21 billion.
According to the collective judgment of analysts, 'Total non-performing assets' should come in at $130.11 million. The estimate is in contrast to the year-ago figure of $127.75 million.
Analysts expect 'Net Interest Income' to come in at $217.92 million. The estimate compares to the year-ago value of $211.82 million.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $42.72 million. Compared to the current estimate, the company reported $42.77 million in the same quarter of the previous year.
The consensus among analysts is that 'Net Interest Income (FTE)' will reach $221.32 million. Compared to the present estimate, the company reported $214.45 million in the same quarter last year.
View all Key Company Metrics for Home BancShares here>>>
Over the past month, shares of Home BancShares have returned +5.4% versus the Zacks S&P 500 composite's +4.1% change. Currently, HOMB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Home BancShares, Inc. (HOMB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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