For the quarter ended March 2024, Home BancShares (HOMB - Free Report) reported revenue of $246.39 million, down 1% over the same period last year. EPS came in at $0.49, compared to $0.54 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $239.53 million, representing a surprise of +2.86%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $0.46.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Home BancShares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 4.1% versus the three-analyst average estimate of 4.1%.
- Efficiency Ratio: 44.2% versus the three-analyst average estimate of 47.1%.
- Total non-performing loans: $79.98 million versus $65.83 million estimated by two analysts on average.
- Average balance - Total interest-earning assets: $20.03 billion versus $19.90 billion estimated by two analysts on average.
- Total non-performing assets: $110.70 million versus the two-analyst average estimate of $95.88 million.
- Net charge-offs to average total loans: 0.1% compared to the 0.1% average estimate based on two analysts.
- Net Interest Income: $204.59 million compared to the $199.66 million average estimate based on three analysts.
- Total Non-Interest Income: $41.80 million compared to the $38.97 million average estimate based on three analysts.
- Net Interest Income (FTE): $205.48 million versus the two-analyst average estimate of $201.59 million.
View all Key Company Metrics for Home BancShares here>>>Shares of Home BancShares have returned -5.4% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended March 2024, Home BancShares (HOMB - Free Report) reported revenue of $246.39 million, down 1% over the same period last year. EPS came in at $0.49, compared to $0.54 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $239.53 million, representing a surprise of +2.86%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $0.46.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Home BancShares performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 4.1% versus the three-analyst average estimate of 4.1%.
- Efficiency Ratio: 44.2% versus the three-analyst average estimate of 47.1%.
- Total non-performing loans: $79.98 million versus $65.83 million estimated by two analysts on average.
- Average balance - Total interest-earning assets: $20.03 billion versus $19.90 billion estimated by two analysts on average.
- Total non-performing assets: $110.70 million versus the two-analyst average estimate of $95.88 million.
- Net charge-offs to average total loans: 0.1% compared to the 0.1% average estimate based on two analysts.
- Net Interest Income: $204.59 million compared to the $199.66 million average estimate based on three analysts.
- Total Non-Interest Income: $41.80 million compared to the $38.97 million average estimate based on three analysts.
- Net Interest Income (FTE): $205.48 million versus the two-analyst average estimate of $201.59 million.
View all Key Company Metrics for Home BancShares here>>>Shares of Home BancShares have returned -5.4% over the past month versus the Zacks S&P 500 composite's -1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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