HomeStreet Inc reports results for the quarter ended December 31 - Earnings Summary

• HomeStreet Inc HMST.OQ reported a quarterly adjusted loss of 27 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of four analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -29 cents to -14 cents per share.

• Revenue fell 12.3% to $40.31 million from a year ago; analysts expected $41.11 million.

• HomeStreet Inc's reported EPS for the quarter was a loss of $6.54​.

• The company reported a quarterly loss of $123.33 million.

• HomeStreet Inc shares had fallen by 10.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is "hold."

Wall Street's median 12-month price target for HomeStreet Inc is $12.50

This summary was machine generated from LSEG data January 27 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)