We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Huntington Bancshares (HBAN) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Analysts on Wall Street project that Huntington Bancshares (HBAN - Free Report) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing an increase of 13.3% year over year. Revenues are projected to reach $1.98 billion, increasing 9.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Huntington Bancshares metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 60.4%. The estimate compares to the year-ago value of 60.8%.
The consensus estimate for 'Average Balance - Total earning assets' stands at $191.10 billion. The estimate compares to the year-ago value of $178.06 billion.
It is projected by analysts that the 'Tier 1 Leverage Ratio' will reach 8.4%. The estimate is in contrast to the year-ago figure of 8.8%.
The collective assessment of analysts points to an estimated 'Regulatory Tier 1 risk-based capital ratio' of 12.0%. Compared to the current estimate, the company reported 12.1% in the same quarter of the previous year.
The consensus among analysts is that 'Total Non-Interest Income' will reach $520.55 million. Compared to the present estimate, the company reported $491.00 million in the same quarter last year.
Analysts predict that the 'Mortgage banking income' will reach $33.96 million. Compared to the current estimate, the company reported $30.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Customer deposit and loan fees' should come in at $88.58 million. Compared to the current estimate, the company reported $83.00 million in the same quarter of the previous year.
Analysts expect 'Payments and cash management revenue' to come in at $162.96 million. Compared to the present estimate, the company reported $154.00 million in the same quarter last year.
The average prediction of analysts places 'Wealth and asset management revenue' at $103.61 million. Compared to the current estimate, the company reported $90.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Capital markets and advisory fees' will likely reach $76.17 million. The estimate is in contrast to the year-ago figure of $73.00 million.
Analysts forecast 'Net interest income - FTE' to reach $1.47 billion. The estimate compares to the year-ago value of $1.33 billion.
Analysts' assessment points toward 'Leasing revenue' reaching $15.53 million. The estimate is in contrast to the year-ago figure of $19.00 million.
Huntington Bancshares shares have witnessed a change of +8.7% in the past month, in contrast to the Zacks S&P 500 composite's +5% move. With a Zacks Rank #2 (Buy), HBAN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Huntington Bancshares (HBAN) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Analysts on Wall Street project that Huntington Bancshares (HBAN - Free Report) will announce quarterly earnings of $0.34 per share in its forthcoming report, representing an increase of 13.3% year over year. Revenues are projected to reach $1.98 billion, increasing 9.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Huntington Bancshares metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 60.4%. The estimate compares to the year-ago value of 60.8%.
The consensus estimate for 'Average Balance - Total earning assets' stands at $191.10 billion. The estimate compares to the year-ago value of $178.06 billion.
It is projected by analysts that the 'Tier 1 Leverage Ratio' will reach 8.4%. The estimate is in contrast to the year-ago figure of 8.8%.
The collective assessment of analysts points to an estimated 'Regulatory Tier 1 risk-based capital ratio' of 12.0%. Compared to the current estimate, the company reported 12.1% in the same quarter of the previous year.
The consensus among analysts is that 'Total Non-Interest Income' will reach $520.55 million. Compared to the present estimate, the company reported $491.00 million in the same quarter last year.
Analysts predict that the 'Mortgage banking income' will reach $33.96 million. Compared to the current estimate, the company reported $30.00 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Customer deposit and loan fees' should come in at $88.58 million. Compared to the current estimate, the company reported $83.00 million in the same quarter of the previous year.
Analysts expect 'Payments and cash management revenue' to come in at $162.96 million. Compared to the present estimate, the company reported $154.00 million in the same quarter last year.
The average prediction of analysts places 'Wealth and asset management revenue' at $103.61 million. Compared to the current estimate, the company reported $90.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Capital markets and advisory fees' will likely reach $76.17 million. The estimate is in contrast to the year-ago figure of $73.00 million.
Analysts forecast 'Net interest income - FTE' to reach $1.47 billion. The estimate compares to the year-ago value of $1.33 billion.
Analysts' assessment points toward 'Leasing revenue' reaching $15.53 million. The estimate is in contrast to the year-ago figure of $19.00 million.
View all Key Company Metrics for Huntington Bancshares here>>>Huntington Bancshares shares have witnessed a change of +8.7% in the past month, in contrast to the Zacks S&P 500 composite's +5% move. With a Zacks Rank #2 (Buy), HBAN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .