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Huntington Bancshares (HBAN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Wall Street analysts expect Huntington Bancshares (HBAN - Free Report) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year decline of 5%. Revenues are expected to be $2.82 billion, up 31.2% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 6.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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.
Analysts expect 'Net Interest Margin (FTE)' to come in at 3.2%. Compared to the current estimate, the company reported 3.1% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 58.7%. Compared to the current estimate, the company reported 57.4% in the same quarter of the previous year.
It is projected by analysts that the 'Average Balance - Total earning assets' will reach $258.05 billion. The estimate compares to the year-ago value of $192.73 billion.
According to the collective judgment of analysts, 'Regulatory Tier 1 risk-based capital ratio' should come in at 11.5%. The estimate is in contrast to the year-ago figure of 12.4%.
Analysts forecast 'Tier 1 Leverage Ratio' to reach 8.9%. Compared to the present estimate, the company reported 9.0% in the same quarter last year.
The combined assessment of analysts suggests that 'Regulatory Total risk-based capital ratio' will likely reach 13.7%. The estimate compares to the year-ago value of 14.7%.
Based on the collective assessment of analysts, 'Wealth and asset management revenue' should arrive at $135.85 million. The estimate compares to the year-ago value of $104.00 million.
Analysts predict that the 'Customer deposit and loan fees' will reach $129.87 million. The estimate is in contrast to the year-ago figure of $102.00 million.
The consensus estimate for 'Payments and cash management revenue' stands at $206.66 million. The estimate compares to the year-ago value of $174.00 million.
The consensus among analysts is that 'Capital markets and advisory fees' will reach $129.55 million. The estimate compares to the year-ago value of $94.00 million.
Analysts' assessment points toward 'Mortgage banking income' reaching $41.01 million. The estimate compares to the year-ago value of $43.00 million.
The average prediction of analysts places 'Net interest income - FTE' at $2.09 billion. The estimate is in contrast to the year-ago figure of $1.52 billion.
Over the past month, shares of Huntington Bancshares have returned -3.8% versus the Zacks S&P 500 composite's +1.5% change. Currently, HBAN carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Huntington Bancshares (HBAN) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect Huntington Bancshares (HBAN - Free Report) to post quarterly earnings of $0.38 per share in its upcoming report, which indicates a year-over-year decline of 5%. Revenues are expected to be $2.82 billion, up 31.2% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 6.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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.
Analysts expect 'Net Interest Margin (FTE)' to come in at 3.2%. Compared to the current estimate, the company reported 3.1% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 58.7%. Compared to the current estimate, the company reported 57.4% in the same quarter of the previous year.
It is projected by analysts that the 'Average Balance - Total earning assets' will reach $258.05 billion. The estimate compares to the year-ago value of $192.73 billion.
According to the collective judgment of analysts, 'Regulatory Tier 1 risk-based capital ratio' should come in at 11.5%. The estimate is in contrast to the year-ago figure of 12.4%.
Analysts forecast 'Tier 1 Leverage Ratio' to reach 8.9%. Compared to the present estimate, the company reported 9.0% in the same quarter last year.
The combined assessment of analysts suggests that 'Regulatory Total risk-based capital ratio' will likely reach 13.7%. The estimate compares to the year-ago value of 14.7%.
Based on the collective assessment of analysts, 'Wealth and asset management revenue' should arrive at $135.85 million. The estimate compares to the year-ago value of $104.00 million.
Analysts predict that the 'Customer deposit and loan fees' will reach $129.87 million. The estimate is in contrast to the year-ago figure of $102.00 million.
The consensus estimate for 'Payments and cash management revenue' stands at $206.66 million. The estimate compares to the year-ago value of $174.00 million.
The consensus among analysts is that 'Capital markets and advisory fees' will reach $129.55 million. The estimate compares to the year-ago value of $94.00 million.
Analysts' assessment points toward 'Mortgage banking income' reaching $41.01 million. The estimate compares to the year-ago value of $43.00 million.
The average prediction of analysts places 'Net interest income - FTE' at $2.09 billion. The estimate is in contrast to the year-ago figure of $1.52 billion.
View all Key Company Metrics for Huntington Bancshares here>>>Over the past month, shares of Huntington Bancshares have returned -3.8% versus the Zacks S&P 500 composite's +1.5% change. Currently, HBAN carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .