Hancock Whitney: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Hancock Whitney (NASDAQ:HWC) reported Q4 earnings with an EPS of $1.26, beating estimates by 5.88% but with a revenue decrease from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 4.16% the following day.
January 16, 2024 | 9:05 pm
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Hancock Whitney reported a higher-than-expected Q4 EPS at $1.26, but with a revenue decline from the same period last year. Previous earnings beat resulted in a share price drop the next day.
While the EPS beat could be seen as positive, the decrease in revenue and the historical price drop following the last earnings beat suggest a mixed reaction. The market may have already anticipated the earnings beat, and the revenue decline could temper any positive sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100