Regional banking company Home Bancshares (NYSE: HOMB) will be reporting results tomorrow after the bell. Here’s what you need to know.
Home Bancshares missed analysts’ revenue expectations last quarter, reporting revenues of $269.9 million, up 4.3% year on year. It was a softer quarter for the company, with a miss of analysts’ net interest income estimates and EPS in line with analysts’ estimates.
Is Home Bancshares a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Home Bancshares’s revenue to grow 8.7% year on year, improving from the 4.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Home Bancshares has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Home Bancshares’s peers in the banks segment, only FB Financial has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 27.5%.
Read our full analysis of FB Financial’s earnings results here.There has been positive sentiment among investors in the banks segment, with share prices up 4.3% on average over the last month. Home Bancshares is up 4.6% during the same time and is heading into earnings with an average analyst price target of $31.14 (compared to the current share price of $29.10).
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