HSBC To Report Q4 Earnings: What To Expect From The Stock?
Zacks Investment Research | Feb 18, 2018 08:40PM ET
HSBC Holdings (LON:HSBA) plc (NYSE:HSBC) is scheduled to announce fourth-quarter and 2017 results on Feb 20, before the market opens. Its quarterly earnings and revenues are projected to improve year over year.
Last quarter, results benefited from higher revenues and a fall in loan impairment charges. However, operating expenses increased marginally.
Activities of the company in the fourth quarter failed to win analysts’ confidence. As a result, the Zacks Consensus Estimate for earnings of 60 cents remained stable over the last seven days. Nevertheless, the figure reflects significant improvement on a year-over-year basis.
The Zacks Consensus Estimate for sales is $12.8 billion for the to-be-reported quarter. The top line is expected to witness a jump of 42.5%.
Looking at the price performance, HSBC stock gained 28.5% in 2017, outperforming the 22.4% rally of its Zacks Investment Research
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