On Monday 28th October 2024, Hope Bancorp (NASDAQ: HOPE) will release its highly anticipated third quarter financial results. This important announcement is scheduled to occur before market open.
As per the projections made by financial experts on Wall Street, the organization is expected to announce an estimated $0.22 profit per share for the quarter. Moreover, the firm is likely to disclose a quarterly revenue of $121.13 million.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $485.23 million. Additionally, they are expecting the company to report profit of $0.84 per share for the fiscal year 2024.
During the same quarter of the previous year, the company's earnings report indicated a per-share income of $0.25. This noteworthy figure was a direct outcome of the company's total revenue, which reached an impressive $143.68 million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.22 | -31.3% | 116.93 M | -20.8% |
| Q1 2024 | $0.23 | -30.3% | 123.33 M | -14.9% |
| Q4 2023 | $0.32 | -25.6% | 135.20 M | -16.9% |
| Q3 2023 | $0.25 | -44.4% | 143.68 M | -13.7% |
| Q2 2023 | $0.32 | -25.6% | 147.70 M | -4.3% |
| *Growth on year-over-year basis | ||||
The business has scheduled a conference call on 28th October 2024 at 12:30 PM eastern time to discuss Q3 financial results.
Throughout Thursday's trading, Hope Bancorp (HOPE) shares fluctuated between $12.49 and $12.85, with a trading volume of 576.00 thousand shares. The stock ended the regular trading session at $12.75, showing decline of 0.16 percent.
