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Home Bancshares (HOMB) Reports Q1: Everything You Need To Know Ahead Of Earnings

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Regional banking company Home Bancshares (NYSE: HOMB) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.

Home Bancshares beat analysts’ revenue expectations last quarter, reporting revenues of $283 million, up 7.9% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but EPS in line with analysts’ estimates.

Is Home Bancshares a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Home Bancshares’s revenue to grow 6.2% year on year, improving from the 5.2% increase it recorded in the same quarter last year.

Home Bancshares Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Home Bancshares rarely misses Wall Street’s revenue estimates.

Looking at Home Bancshares’s peers in the banks segment, only FB Financial has reported results so far. It missed analysts’ revenue estimates, delivering year-on-year sales growth of 30.5%.

Read our full analysis of FB Financial’s earnings results here.

There has been positive sentiment among investors in the banks segment, with share prices up 9.1% on average over the last month. Home Bancshares is up 6.3% during the same time and is heading into earnings with an average analyst price target of $33.13 (compared to the current share price of $28.03).

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