Analysts on Wall Street project that Home BancShares (HOMB) will announce quarterly earnings of $0.54 per share in its forthcoming report, representing an increase of 10.2% year over year. Revenues are projected to reach $253.66 million, increasing 3% 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.
Bearing this in mind, let's now explore the average estimates of specific Home BancShares metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Net Interest Margin' of 4.4%. The estimate is in contrast to the year-ago figure of 4.1%.
The consensus among analysts is that 'Efficiency Ratio' will reach 44.0%. Compared to the current estimate, the company reported 44.2% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total non-performing loans' will likely reach $83.84 million. The estimate is in contrast to the year-ago figure of $79.98 million.
The consensus estimate for 'Average balance - Total interest-earning assets' stands at $19.66 billion. Compared to the present estimate, the company reported $20.03 billion in the same quarter last year.
Analysts predict that the 'Total non-performing assets' will reach $127.27 million. The estimate compares to the year-ago value of $110.70 million.
The average prediction of analysts places 'Net Interest Income' at $211.95 million. Compared to the current estimate, the company reported $204.59 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total Non-Interest Income' should arrive at $41.71 million. The estimate compares to the year-ago value of $41.80 million.
Analysts' assessment points toward 'Net Interest Income (FTE)' reaching $214.89 million. The estimate is in contrast to the year-ago figure of $205.48 million.
View all Key Company Metrics for Home BancShares here>>>
Over the past month, Home BancShares shares have recorded returns of -9.7% versus the Zacks S&P 500 composite's -6.1% change. Based on its Zacks Rank #3 (Hold), HOMB will likely exhibit a performance that aligns with the overall market in the upcoming period. 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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