Hancock Whitney Q4 2023 Adj EPS $1.26 Beats $1.19 Estimate, Sales $308.41M Miss $342.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hancock Whitney reported Q4 2023 adjusted earnings per share (EPS) of $1.26, surpassing the consensus estimate of $1.19 by 5.88%. However, their quarterly sales of $308.41M fell short of the expected $342.89M, marking a 10.06% miss and a 17.22% decrease from the same period last year.
January 16, 2024 | 9:05 pm
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Hancock Whitney's Q4 EPS exceeded expectations, but a significant sales miss and year-over-year decline may concern investors.
While the EPS beat could be seen as a positive, the substantial miss on sales and the sharp decline from the previous year's figures are likely to weigh more heavily on investor sentiment. The sales figures could indicate underlying issues that may affect future profitability and growth, potentially leading to a negative short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100