HarborOne Bancorp (HONE) Surpasses Q2 Earnings and Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Earnings Performance: HarborOne Bancorp (HONE) reported quarterly earnings of $0.23 per share, exceeding expectations and showing an increase from $0.18 per share a year ago, while revenues also surpassed estimates at $45.44 million.
Market Outlook: Despite underperforming compared to the S&P 500 this year, HarborOne's future stock performance will depend on management's commentary and earnings estimate revisions, currently holding a Zacks Rank #3 (Hold).
Analyst Views on PAX
Wall Street analysts forecast PAX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAX is 16.00 USD with a low forecast of 15.00 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 17.430
Low
15.00
Averages
16.00
High
17.00
Current: 17.430
Low
15.00
Averages
16.00
High
17.00
About PAX
Patria Investments Limited is a global middle market alternative asset manager. The Company is an asset manager in Latin America and has a presence in Europe through its extensive network of General Partners relationships. The Company has multiple product lines, including global private market solutions, private equity, credit, real estate, infrastructure and public equities. It offers strategies through a variety of product structures designed to meet its clients' investment goals and liquidity needs. Product structures generally fall into the categories of drawdown funds, permanent capital listed vehicles and interval funds, open end funds, and separately managed accounts, among others. The Company invests in various sectors, including agribusiness, power & energy, healthcare, logistics & transportation, food & beverage and digital & tech services. Its Global Private Market Solutions include Pooled Funds, Separate Accounts, Patria Private Equity Trust, And Portfolio Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
