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Hope Bancorp Inc reports results for the quarter ended in June - Earnings Summary
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Hope Bancorp Inc reports results for the quarter ended in June - Earnings Summary
  • Hope Bancorp Inc HOPE.OQ reported quarterly adjusted earnings of 22 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of five analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 20 cents to 24 cents per share.

  • Revenue fell 8.2% to $116.93 million from a year ago; analysts expected $121.27 million.

  • Hope Bancorp Inc's reported EPS for the quarter was 21 cents​.

  • The company reported quarterly income of $25.27 million.

  • Hope Bancorp Inc shares had risen by 25.9% this quarter and gained 11.9% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 10.5% in the last three months.​

  • In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and "sell" or "strong sell."

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

Wall Street's median 12-month price target for Hope Bancorp Inc is $11.00

This summary was machine generated from LSEG data July 29 at 04:15 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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Jun. 30 2024

0.22

0.23

Beat

Mar. 31 2024

0.26

0.23

Missed

Dec. 31 2023

0.21

0.24

Beat

Sep. 30 2023

0.26

0.25

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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