Home BancShares (HOMB) reported quarterly earnings of $0.47 per share on June 30, 2022, surpassing the Zacks Consensus Estimate of $0.38 per share and up from $0.46 per share a year prior. This resulted in an earnings surprise of 23.68%. The company’s revenue for the quarter reached $243.34 million, exceeding estimates by 7.09% compared to $172.37 million in the same quarter last year.
Home BancShares has outperformed revenue estimates four times over the last year and has exceeded consensus EPS estimates twice. Despite the strong earnings report, shares have dropped approximately 8% year-to-date, against the S&P 500’s decline of 16.9%. Current consensus estimates predict earnings of $0.49 per share and revenues of $242.13 million for the upcoming quarter.
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