Heritage Oaks Bancorp Earnings Preview: Get Ahead of the Analysts
Heritage Oaks Bancorp (NASDAQ:HEOP) will report earnings after markets close on Thursday, April 25th. Heritage Oaks Bancorp is the holding company for Heritage Oaks Bank. The Bank accepts deposits from the general public and uses those funds to write commercial, real estate, and installment loans. Heritage operates in San Luis Obispo County and Northern Santa Barbara County, California.
Here is your Cheat Sheet to Heritage Oaks Bancorp Earnings:
Earnings Expectations: Analysts expect earnings of $0.10 per share on revenues of $13.65 million. Currently, the company’s P/E ratio stands at 12.55.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.1 to a profit $0.11. For the current year, the average estimate is a profit of $0.43, which is better than the estimate ninety days ago.
Here’s how Heritage Oaks Bancorp has been performing on an annual basis:
|Revenue ($) in millions||56.36||56.97||61.54||57.96||58.87|
|Diluted EPS ($)||0.21||-1.04||-1.30||0.24||0.44|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||15.23||14.27||14.90||14.50||15.20|
|Diluted EPS ($)||0.14||0.05||0.06||0.23||0.10|
Heritage Oaks Bancorp has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)