In its upcoming report, Home BancShares (HOMB) is predicted by Wall Street analysts to post quarterly earnings of $0.64 per share, reflecting an increase of 4.9% compared to the same period last year. Revenues are forecasted to be $293 million, representing a year-over-year increase of 5.5%.
The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance 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.
That said, let's delve into the average estimates of some Home BancShares metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Interest Margin (FTE)' should come in at 4.5%. The estimate compares to the year-ago value of 4.6%.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 41.7%. The estimate compares to the year-ago value of 40.2%.
Based on the collective assessment of analysts, 'Average Balance - Total interest-earning assets' should arrive at $21.78 billion. The estimate compares to the year-ago value of $19.94 billion.
The consensus estimate for 'Total non-performing loans' stands at $90.55 million. Compared to the current estimate, the company reported $85.21 million in the same quarter of the previous year.
Analysts predict that the 'Total non-performing assets' will reach $134.79 million. Compared to the present estimate, the company reported $126.48 million in the same quarter last year.
The consensus among analysts is that 'Total Non-Interest Income' will reach $49.48 million. The estimate compares to the year-ago value of $51.51 million.
Analysts forecast 'Net Interest Income' to reach $242.80 million. The estimate compares to the year-ago value of $226.17 million.
The average prediction of analysts places 'Net Interest Income (FTE)' at $245.38 million. Compared to the current estimate, the company reported $229.08 million in the same quarter of the previous year.
It is projected by analysts that the 'Mortgage lending income' will reach $5.41 million. Compared to the present estimate, the company reported $4.69 million in the same quarter last year.
View all Key Company Metrics for Home BancShares here>>>Home BancShares shares have witnessed a change of -4.3% in the past month, in contrast to the Zacks S&P 500 composite's +1.3% move. With a Zacks Rank #2 (Buy), HOMB is expected outperform the overall market performance in the near term. 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 Report
This article originally published on Zacks Investment Research (zacks.com).