HomeStreet (HMST) Reports Q2 Loss, Tops Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Quarterly Performance: HomeStreet (HMST) reported a quarterly loss of $0.16 per share, missing the Zacks Consensus Estimate of $0.05, while revenues of $48.97 million exceeded expectations and marked an increase from the previous year.
Market Outlook: Despite outperforming the S&P 500 this year, HomeStreet's future stock performance will depend on management's commentary and earnings estimate revisions, with the current consensus EPS estimate for the next quarter at $0.12.
Analyst Views on MAA
Wall Street analysts forecast MAA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAA is 151.36 USD with a low forecast of 132.00 USD and a high forecast of 172.00 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.
16 Analyst Rating
7 Buy
8 Hold
1 Sell
Moderate Buy
Current: 135.440
Low
132.00
Averages
151.36
High
172.00
Current: 135.440
Low
132.00
Averages
151.36
High
172.00
About MAA
Mid-America Apartment Communities, Inc. is a multifamily-focused, self-administered and self-managed real estate investment trust. The Company owns, operates, acquires and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. Its segments include Same Store and Non-Same Store and Other. The Same Store segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year. The Non-Same Store and Other segment includes recently acquired communities, communities being developed or on lease-up, communities that have been disposed of or identified for disposition and others. The Non-Same Store and Other segment also includes non-multifamily activities and expenses related to severe weather events. It has ownership interest in apartment units, including communities in development, across 16 states and the District of Columbia.
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.
