Hope Bancorp's Earnings Outlook

Hope Bancorp HOPE is set to give its latest quarterly earnings report on Monday, 2023-10-23. Here's what investors need to know before the announcement.

Analysts estimate that Hope Bancorp will report an earnings per share (EPS) of $0.26.

Hope Bancorp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.02, which was followed by a 0.3% drop in the share price the next day.

Here's a look at Hope Bancorp's past performance and the resulting price change:

Stock Performance

Shares of Hope Bancorp were trading at $8.93 as of October 19. Over the last 52-week period, shares are down 33.56%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Hope Bancorp visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.