Insights Into HomeStreet (HMST) Q4: Wall Street Projections for Key Metrics

Wall Street analysts forecast that HomeStreet (HMST) will report quarterly loss of $0.21 per share in its upcoming release, pointing to a year-over-year decline of 75%. It is anticipated that revenues will amount to $41.29 million, exhibiting a decline of 10.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 105.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during 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 use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.That said, let's delve into the average estimates of some HomeStreet metrics that Wall Street analysts commonly model and monitor.The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 111.5%. Compared to the present estimate, the company reported 105.9% in the same quarter last year.Based on the collective assessment of analysts, 'Average Balance - Total interest earning assets' should arrive at $8.61 billion. Compared to the present estimate, the company reported $8.92 billion in the same quarter last year.The consensus estimate for 'Total noninterest income' stands at $11.48 million. Compared to the present estimate, the company reported $10.96 million in the same quarter last year.Analysts predict that the 'Net Interest Income' will reach $30.14 million. The estimate compares to the year-ago value of $34.99 million.It is projected by analysts that the 'Loan servicing income' will reach $3.00 million. Compared to the present estimate, the company reported $3.26 million in the same quarter last year.Analysts' assessment points toward 'Other' reaching $3.04 million. Compared to the present estimate, the company reported $3.26 million in the same quarter last year.View all Key Company Metrics for HomeStreet here>>>Shares of HomeStreet have experienced a change of +1.3% in the past month compared to the +2.1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), HMST is expected to outperform the overall market 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 among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.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 HomeStreet, Inc. (HMST): 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