Huntington Bancshares Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Huntington Bancshares Incorporated (NASDAQ:HBAN) is expected to report lower Q3 earnings at 32 cents per share, down from 39 cents per share a year ago. The company's revenue is projected to be $1.82 billion, slightly lower than the $1.84 billion reported in the same period last year. The company's shares fell 0.8% to close at $10.03 on Thursday. Several analysts have recently adjusted their price targets for the company, with most maintaining a Neutral or Buy rating.
October 20, 2023 | 7:37 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Huntington Bancshares is expected to report lower Q3 earnings and revenue, which may have contributed to a recent 0.8% drop in share price. Analysts' ratings and price targets vary, but most maintain a Neutral or Buy rating.
The expected decrease in Q3 earnings and revenue is likely to negatively impact HBAN's stock price in the short term. The recent drop in share price may be a reflection of this expectation. However, the majority of analysts maintaining Neutral or Buy ratings suggests that the long-term outlook for the company may still be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100