Huntington Bancshares Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Huntington Bancshares Incorporated (NASDAQ:HBAN) is anticipated to report lower Q4 earnings with an expected EPS of 27 cents, down from 42 cents in the previous year. Revenue is also projected to decrease to $1.77 billion from $1.97 billion. The company announced the retirement of its Chief Technology and Operations Officer, Paul Heller. Analysts from Raymond James, RBC Capital, Morgan Stanley, JP Morgan, and Citigroup have provided various ratings and price targets for HBAN stock.
January 19, 2024 | 7:12 am
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Huntington Bancshares is expected to report lower Q4 earnings and revenue. Analysts have mixed ratings with price targets ranging from $12 to $15. The retirement of CTO Paul Heller may also impact the company's operations.
The expected decrease in earnings and revenue is likely to negatively impact investor sentiment in the short term. The retirement of a key officer could raise concerns about operational continuity. Analyst ratings are mixed but the overall negative earnings outlook may weigh more heavily on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100