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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Heritage Oaks Bancorp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Heritage Oaks Bancorp has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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