Hope Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

• Hope Bancorp Inc HOPE reported quarterly adjusted earnings of 19 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 22 cents. The mean expectation of four analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 17 cents to 23 cents per share.

• Revenue fell 19.1% to $94.58 million from a year ago; analysts expected $133.90 million.

• Hope Bancorp Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $27.88 million.

• Hope Bancorp Inc shares had risen by 5.9% this quarter and lost 7.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Hope Bancorp Inc is $12.00, about 5.3% above its last closing price of $11.36

This summary was machine generated from LSEG data July 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)