Wall Street analysts forecast that Home BancShares (HOMB) will report quarterly earnings of $0.62 per share in its upcoming release, pointing to a year-over-year increase of 6.9%. It is anticipated that revenues will amount to $287.63 million, exhibiting an increase of 6.1% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
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 usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Home BancShares metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Efficiency Ratio' to come in at 42.3%. The estimate is in contrast to the year-ago figure of 41.7%.
The average prediction of analysts places 'Average Balance - Total interest-earning assets' at $21.99 billion. The estimate is in contrast to the year-ago figure of $20.08 billion.
The consensus estimate for 'Net Interest Margin (FTE)' stands at 4.5%. Compared to the present estimate, the company reported 4.4% in the same quarter last year.
According to the collective judgment of analysts, 'Total non-performing loans' should come in at $185.69 million. Compared to the present estimate, the company reported $96.29 million in the same quarter last year.
The consensus among analysts is that 'Total non-performing assets' will reach $230.19 million. The estimate is in contrast to the year-ago figure of $137.82 million.
It is projected by analysts that the 'Net Interest Income' will reach $240.97 million. Compared to the current estimate, the company reported $219.95 million in the same quarter of the previous year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $46.67 million. The estimate compares to the year-ago value of $51.08 million.
Analysts forecast 'Net Interest Income (FTE)' to reach $243.42 million. The estimate is in contrast to the year-ago figure of $222.48 million.
View all Key Company Metrics for Home BancShares here>>>Shares of Home BancShares have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +2.2% change. With a Zacks Rank #3 (Hold), HOMB is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Home BancShares, Inc. (HOMB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).