Wall Street analysts forecast that Home BancShares (HOMB) will report quarterly earnings of $0.60 per share in its upcoming release, pointing to a year-over-year increase of 20%. It is anticipated that revenues will amount to $270.2 million, exhibiting an increase of 4.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Home BancShares metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Interest Margin' should arrive at 4.5%. Compared to the current estimate, the company reported 4.4% in the same quarter of the previous year.
The consensus among analysts is that 'Efficiency Ratio' will reach 41.6%. Compared to the current estimate, the company reported 42.2% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total non-performing loans' will likely reach $78.32 million. The estimate compares to the year-ago value of $98.89 million.
Analysts' assessment points toward 'Average balance - Total interest-earning assets' reaching $20.02 billion. The estimate compares to the year-ago value of $19.89 billion.
According to the collective judgment of analysts, 'Total non-performing assets' should come in at $120.45 million. The estimate compares to the year-ago value of $142.36 million.
The collective assessment of analysts points to an estimated 'Net Interest Income' of $225.19 million. Compared to the current estimate, the company reported $217.14 million in the same quarter of the previous year.
Analysts expect 'Total Non-Interest Income' to come in at $44.99 million. The estimate is in contrast to the year-ago figure of $41.22 million.
Analysts forecast 'Net Interest Income (FTE)' to reach $224.76 million. Compared to the current estimate, the company reported $219.54 million in the same quarter of the previous year.
View all Key Company Metrics for Home BancShares here>>>
Over the past month, Home BancShares shares have recorded returns of +0.5% versus the Zacks S&P 500 composite's +1.2% change. Based on its Zacks Rank #2 (Buy), HOMB will likely outperform 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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