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What Analyst Projections for Key Metrics Reveal About Hancock Whitney (HWC) Q3 Earnings
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Analysts on Wall Street project that Hancock Whitney (HWC - Free Report) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing an increase of 17% year over year. Revenues are projected to reach $363.54 million, increasing 2.4% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 1.5% 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.
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.
That said, let's delve into the average estimates of some Hancock Whitney metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net interest margin (TE)' stands at 3.4%. Compared to the current estimate, the company reported 3.3% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 56.9%. The estimate is in contrast to the year-ago figure of 56.4%.
According to the collective judgment of analysts, 'Average Balance - Total interest earning assets' should come in at $32.45 billion. Compared to the present estimate, the company reported $33.14 billion in the same quarter last year.
Analysts forecast 'Total nonperforming loans' to reach $89.06 million. Compared to the current estimate, the company reported $60.33 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total nonperforming assets' should arrive at $91.34 million. Compared to the present estimate, the company reported $64.86 million in the same quarter last year.
Analysts' assessment points toward 'Total Noninterest Income' reaching $89.47 million. The estimate is in contrast to the year-ago figure of $85.97 million.
Analysts predict that the 'Net interest income (TE)' will reach $277.21 million. The estimate is in contrast to the year-ago figure of $272.09 million.
The consensus among analysts is that 'Net Interest Income' will reach $273.79 million. Compared to the present estimate, the company reported $269.23 million in the same quarter last year.
The average prediction of analysts places 'Bank card and ATM fees' at $22.01 million. The estimate is in contrast to the year-ago figure of $20.56 million.
It is projected by analysts that the 'Investment and annuity fees and insurance commissions' will reach $10.12 million. Compared to the present estimate, the company reported $8.52 million in the same quarter last year.
Analysts expect 'Other income' to come in at $14.30 million. The estimate is in contrast to the year-ago figure of $15.43 million.
The combined assessment of analysts suggests that 'Service charges on deposit accounts' will likely reach $22.45 million. Compared to the current estimate, the company reported $22.26 million in the same quarter of the previous year.
Shares of Hancock Whitney have demonstrated returns of +4.8% over the past month compared to the Zacks S&P 500 composite's +5.9% change. With a Zacks Rank #3 (Hold), HWC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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What Analyst Projections for Key Metrics Reveal About Hancock Whitney (HWC) Q3 Earnings
Analysts on Wall Street project that Hancock Whitney (HWC - Free Report) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing an increase of 17% year over year. Revenues are projected to reach $363.54 million, increasing 2.4% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 1.5% 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.
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.
That said, let's delve into the average estimates of some Hancock Whitney metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net interest margin (TE)' stands at 3.4%. Compared to the current estimate, the company reported 3.3% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 56.9%. The estimate is in contrast to the year-ago figure of 56.4%.
According to the collective judgment of analysts, 'Average Balance - Total interest earning assets' should come in at $32.45 billion. Compared to the present estimate, the company reported $33.14 billion in the same quarter last year.
Analysts forecast 'Total nonperforming loans' to reach $89.06 million. Compared to the current estimate, the company reported $60.33 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Total nonperforming assets' should arrive at $91.34 million. Compared to the present estimate, the company reported $64.86 million in the same quarter last year.
Analysts' assessment points toward 'Total Noninterest Income' reaching $89.47 million. The estimate is in contrast to the year-ago figure of $85.97 million.
Analysts predict that the 'Net interest income (TE)' will reach $277.21 million. The estimate is in contrast to the year-ago figure of $272.09 million.
The consensus among analysts is that 'Net Interest Income' will reach $273.79 million. Compared to the present estimate, the company reported $269.23 million in the same quarter last year.
The average prediction of analysts places 'Bank card and ATM fees' at $22.01 million. The estimate is in contrast to the year-ago figure of $20.56 million.
It is projected by analysts that the 'Investment and annuity fees and insurance commissions' will reach $10.12 million. Compared to the present estimate, the company reported $8.52 million in the same quarter last year.
Analysts expect 'Other income' to come in at $14.30 million. The estimate is in contrast to the year-ago figure of $15.43 million.
The combined assessment of analysts suggests that 'Service charges on deposit accounts' will likely reach $22.45 million. Compared to the current estimate, the company reported $22.26 million in the same quarter of the previous year.
View all Key Company Metrics for Hancock Whitney here>>>
Shares of Hancock Whitney have demonstrated returns of +4.8% over the past month compared to the Zacks S&P 500 composite's +5.9% change. With a Zacks Rank #3 (Hold), HWC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>