Countdown to Heritage Financial (HFWA) Q4 Earnings: Wall Street Forecasts for Key Metrics

Wall Street analysts forecast that Heritage Financial (HFWA) will report quarterly earnings of $0.46 per share in its upcoming release, pointing to a year-over-year decline of 2.1%. It is anticipated that revenues will amount to $59.73 million, exhibiting an increase of 17.8% 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.With that in mind, let's delve into the average projections of some Heritage Financial metrics that are commonly tracked and projected by analysts on Wall Street.The consensus among analysts is that 'Net Interest Margin' will reach 3.3%. Compared to the current estimate, the company reported 3.4% in the same quarter of the previous year.It is projected by analysts that the 'Efficiency Ratio' will reach 66.7%. The estimate is in contrast to the year-ago figure of 84.2%.Analysts' assessment points toward 'Total Nonperforming Assets' reaching $8.88 million. The estimate is in contrast to the year-ago figure of $5.76 million.The average prediction of analysts places 'Total Nonaccrual Loans' at $6.13 million. The estimate is in contrast to the year-ago figure of $4.47 million.Analysts predict that the 'Average Balance - Total interest earning assets' will reach $6.33 billion. Compared to the present estimate, the company reported $6.27 billion in the same quarter last year.The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $53.17 million. Compared to the current estimate, the company reported $53.87 million in the same quarter of the previous year.View all Key Company Metrics for Heritage Financial here>>>Shares of Heritage Financial have demonstrated returns of +0.7% over the past month compared to the Zacks S&P 500 composite's -0.4% change. With a Zacks Rank #2 (Buy), HFWA is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want 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 Heritage Financial Corporation (HFWA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks