Hancock Whitney (US:HWC) ZACKS·2024-10-15 22:15Company Performance - Hancock Whitney (HWC) reported quarterly earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and up from $1.12 per share a year ago, representing an earnings surprise of 1.53% [1] - The company posted revenues of $367.66 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.13%, and an increase from $355.21 million year-over-year [2] - Hancock Whitney has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times in the same period [2] Stock Performance and Outlook - Hancock Whitney shares have increased approximately 9.2% since the beginning of the year, while the S&P 500 has gained 22.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $363.71 million, and for the current fiscal year, it is $5.14 on revenues of $1.44 billion [7] Industry Context - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the bottom 34% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]