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Huntington (HBAN) Q4 Earnings Beat on High Revenues
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Have you been eager to see how Huntington Bancshares Incorporated (HBAN - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Ohio-based bank’s earnings release this morning:
An Earnings Beat
Huntington Bancshares came out with earnings per share of 24 cents, beating the Zacks Consensus Estimate of 22 cents. Strong top line was primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Huntington Bancshares remained stable prior to the earnings release. The Zacks Consensus Estimate has remained unchanged over the last 7 days.
Also, Huntington Bancshares has a decent earnings surprise history. Before posting earnings beat in Q4, the company delivered positive surprises in two of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2.4% in the trailing four quarters.
Huntington Bancshares Incorporated Price and EPS Surprise
Huntington Bancshares posted revenues of $1.08 billion, which outpaced the Zacks Consensus Estimate of $1.05 billion. Moreover, it compared favorably with the year-ago number of $777 million.
Key Stats to Note:
Tangible book value per common share decreased 7% year over year to $6.41
Average earning assets recorded 40.8% jump
Provision for credit losses escalated significantly on a year-over-year basis
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Huntington Bancshares. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Huntington Bancshares earnings report!
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Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Huntington (HBAN) Q4 Earnings Beat on High Revenues
Have you been eager to see how Huntington Bancshares Incorporated (HBAN - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Ohio-based bank’s earnings release this morning:
An Earnings Beat
Huntington Bancshares came out with earnings per share of 24 cents, beating the Zacks Consensus Estimate of 22 cents. Strong top line was primarily responsible for this earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Huntington Bancshares remained stable prior to the earnings release. The Zacks Consensus Estimate has remained unchanged over the last 7 days.
Also, Huntington Bancshares has a decent earnings surprise history. Before posting earnings beat in Q4, the company delivered positive surprises in two of the prior four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2.4% in the trailing four quarters.
Huntington Bancshares Incorporated Price and EPS Surprise
Huntington Bancshares Incorporated Price and EPS Surprise | Huntington Bancshares Incorporated Quote
Revenue Came In Higher Than Expected
Huntington Bancshares posted revenues of $1.08 billion, which outpaced the Zacks Consensus Estimate of $1.05 billion. Moreover, it compared favorably with the year-ago number of $777 million.
Key Stats to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Huntington Bancshares. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this Huntington Bancshares earnings report!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>