HarborOne Bancorp, Inc. (NASDAQ:HONE) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts have sharply increased their revenue numbers, with a view that HarborOne Bancorp will make substantially more sales than they'd previously expected. Investor sentiment seems to be improving too, with the share price up 6.6% to US$12.46 over the past 7 days. Could this big upgrade push the stock even higher?

Following the latest upgrade, the current consensus, from the four analysts covering HarborOne Bancorp, is for revenues of US$151m in 2025, which would reflect a considerable 8.2% reduction in HarborOne Bancorp's sales over the past 12 months. Statutory earnings per share are presumed to soar 25% to US$0.83. Prior to this update, the analysts had been forecasting revenues of US$135m and earnings per share (EPS) of US$0.78 in 2025. The forecasts seem more optimistic now, with a solid increase in revenue and a modest lift to earnings per share estimates.

See our latest analysis for HarborOne Bancorp

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One more thing stood out to us about these estimates, and it's the idea that HarborOne Bancorp's decline is expected to accelerate, with revenues forecast to fall at an annualised rate of 8.2% to the end of 2025. This tops off a historical decline of 5.0% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 7.4% per year. So while a broad number of companies are forecast to grow, unfortunately HarborOne Bancorp is expected to see its sales affected worse than other companies in the industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Fortunately, they also upgraded their revenue estimates, and are forecasting revenues to grow slower than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at HarborOne Bancorp.

Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for HarborOne Bancorp going out to 2026, and you can see them free on our platform here..

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

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