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Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) just released its latest second-quarter results and things are looking bullish. It was overall a positive result, with revenues beating expectations by 5.5% to hit US$175m. Home Bancshares (Conway AR) also reported a statutory profit of US$0.38, which was an impressive 36% above what the analysts had forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Home Bancshares (Conway AR)

Taking into account the latest results, the most recent consensus for Home Bancshares (Conway AR) from seven analysts is for revenues of US$683.6m in 2020 which, if met, would be a notable 19% increase on its sales over the past 12 months. Statutory earnings per share are forecast to shrink 7.1% to US$1.18 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$668.5m and earnings per share (EPS) of US$1.02 in 2020. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a decent improvement in earnings per share in particular.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 9.8% to US$18.25per share. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Home Bancshares (Conway AR) analyst has a price target of US$19.00 per share, while the most pessimistic values it at US$17.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Home Bancshares (Conway AR) is an easy business to forecast or the the analysts are all using similar assumptions.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Home Bancshares (Conway AR)'s rate of growth is expected to accelerate meaningfully, with the forecast 19% revenue growth noticeably faster than its historical growth of 11%p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 1.9% next year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Home Bancshares (Conway AR) to grow faster than the wider industry.