Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Huntington Bancshares, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Huntington Bancshares is expected to report quarterly earnings of $0.38 per share, reflecting a year-over-year increase of +15.2% [3]. - Revenues are projected to reach $2.06 billion, representing an 8.9% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.01% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - The Most Accurate Estimate for Huntington Bancshares is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.17% [12]. Earnings Surprise Prediction - A positive Earnings ESP reading suggests a likely earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - The company has beaten consensus EPS estimates three out of the last four quarters, indicating a strong potential for a positive surprise [14]. Industry Context - In the Zacks Banks - Midwest industry, Commerce Bancshares is expected to report earnings of $1.09 per share, with a year-over-year change of +1.9% and revenues of $438.41 million, up 4% from the previous year [18]. - Commerce Bancshares has a positive Earnings ESP of +0.86% and has consistently beaten consensus EPS estimates in the last four quarters [19].
Huntington Bancshares (HBAN) Reports Next Week: Wall Street Expects Earnings Growth