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Earnings Estimates Moving Higher for HomeStreet (HMST): Time to Buy?

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HomeStreet, Inc. (HMST - Free Report) , a diversified financial services company, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HMST’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that HomeStreet could be a solid choice for investors.

Current Quarter Estimates for HMST

In the past 30 days, 2 estimates have gone higher for HomeStreet while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 40 cents a share 30 days ago, to 48 cents today, a move of 20%.

Current Year Estimates for HMST

Meanwhile, HomeStreet’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.48 per share 30 days ago to $2.91 per share today, an increase of 17.3%.

HOMESTREET INC Price and Consensus



Bottom Line

The stock has also started to move higher lately, adding 9.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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