Hanmi Financial Earnings Preview: Get Ahead of the Analysts

Hanmi Financial (NASDAQ:HAFC) will report earnings before markets open on Tuesday, July 23rd. Hanmi Financial Corporation is the holding company for Hanmi Bank. The Bank is a business bank with its primary focus on servicing multi-ethnic small businesses in southern California. Hanmi’s services include commercial small business association loans, trade finance, and consumer lending.

Here is your Cheat Sheet to Hanmi Financial Earnings:

Earnings Expectations: Analysts expect earnings of $0.31 per share on revenues of $34.96 million. Currently, the company’s P/E ratio stands at 5.87.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.32 and has not changed. For the current year, the average estimate is a profit of $1.27, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Hanmi Financial has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 270 216 170 153 145
Diluted EPS ($) -17.84 -20.56 -7.44 NA 2.87

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 37.15 35.92 37.61 37.75
Diluted EPS ($) 1.77 0.42 0.44 0.32

Past Performance:
Hanmi Financial has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)