Hanmi Earnings Preview

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Watch Hanmi's (NAS: HAFC) earnings report to see if it can beat analyst expectations for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday, Oct. 20. Hanmi Financial is a holding company for Hanmi Bank, which is a community bank and conducts general business banking.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on Hanmi with analysts unanimously rating it hold. Analysts don't like Hanmi as much as competitor Bridge Capital Holdings overall. Three out of five analysts rate Bridge Capital Holdings a buy compared to zero of two for Hanmi. Hanmi's rating hasn't changed over the past three months.
  • Revenue forecasts: On average, analysts predict $23.4 million in revenue this quarter. That would represent a rise of 117.8% from the year-ago quarter.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.05 per share. Estimates range from $0.02 to $0.07.

What our community says:
CAPS All-Stars are split on HAFC, with 51.5% rating it an "outperform" and 48.5% giving it an "underperform" rating. Fools are keen on Hanmi, though the message boards have been quiet lately with only 46 posts in the past 30 days. Hanmi's bearish CAPS rating of one out of five stars falls short of the Fool community sentiment.

Management:
Revenue has fallen for the past three quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.

Quarter

Q2

Q1

Q4

Q3

Net Margin

20.7%

26.5%

13.1%

(34.6%)

One final thing: If you want to keep tabs on Hanmi movements -- and for more analysis on the company -- make sure you add it to your Watchlist.

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At the time this article was published

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