For its first fiscal quarter (ending March 31), HomeStreet Inc (NASDAQ: HMST) has reported a -248% decline in E.P.S. from $0.27 a year ago to $-0.40 in the current quarter. This result fell short of the consensus estimate of $0.11 by $-0.51. For the latest four quarters through March 31, E.P.S. were $-2.13 versus $2.76 for the same period a year ago — a decline of -177%.
Recent Price Action
HomeStreet Inc (NASDAQ: HMST) stock closed at $12.25 on 4/30/24 after a slight decline of -0.2%. Moreover, this decline was accompanied by above average trading volume at 134% of normal. The stock has declined -1.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HMST’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
HomeStreet has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. HomeStreet has a very high Appreciation Score of 86 and a very high Power Rating of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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