House Bancorp (HBCP) got here out with quarterly earnings of $1.14 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.39 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 14%. 1 / 4 in the past, it was anticipated that this monetary holding firm would publish earnings of $1.03 per share when it truly produced earnings of $1.17, delivering a shock of 13.59%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
House Bancorp
The sustainability of the inventory’s quick worth motion based mostly on the recently-released numbers and future earnings expectations will largely rely upon administration’s commentary on the earnings name.
House Bancorp shares have misplaced about 18.7% for the reason that starting of the 12 months versus the S&P 500’s acquire of 5.9%.
What’s Subsequent for House Bancorp?
Whereas House Bancorp has underperformed the market up to now this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a powerful monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for House Bancorp: blended. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.96 on $32.7 million in revenues for the approaching quarter and $3.95 on $132.9 million in revenues for the present fiscal 12 months.
Traders must be aware of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Banks – Southeast is at the moment within the high 35% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, South Plains Monetary (SPFI), has but to report outcomes for the quarter ended March 2024. The outcomes are anticipated to be launched on April 25.
This firm is anticipated to publish quarterly earnings of $0.58 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
South Plains Monetary’s revenues are anticipated to be $45.2 million, up 0.4% from the year-ago quarter.
Free Report – The Bitcoin Revenue Phenomenon
Zacks Funding Analysis has launched a Particular Report that will help you pursue huge income from the world’s first and largest decentralized type of cash.
No ensures for the long run, however previously three presidential election years, Bitcoin’s returns had been as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts one other important surge. Click on beneath for Bitcoin: A Tumultuous But Resilient Historical past.
Download Now – Today It’s FREE >>
Home Bancorp, Inc. (HBCP) : Free Stock Analysis Report
South Plains Financial, Inc. (SPFI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
