What's In Store For Huntington (HBAN) In Q4 Earnings?
Zacks Investment Research | Jan 18, 2018 09:12PM ET
Huntington Bancshares Incorporated (NASDAQ:HBAN) is scheduled to report fourth-quarter and 2017 results on Jan 23, before the opening bell. The company’s revenues and earnings are projected to grow year over year.
The company’s fourth-quarter results are expected to be supported by robust organic growth and benefits from the FirstMerit acquisition (completed in Aug 2016).
Rising interest rates might have worked in favor too. Though flatter yield curve offsets the benefits to some extent, pressure on Huntington’s net interest margin is likely to ease slightly from the three rate hikes in 2017. The Zacks Consensus Estimate of $1.10 billion for revenues indicates a 3.3% year-over-year improvement.
Huntington has a decent earnings surprise history. It surpassed the earnings estimates in two of the trailing four quarters, with an average positive surprise of 4.4%.
Huntington Bancshares Incorporated Price and EPS Surprise
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