Huntington Bancshares Q2 2024 GAAP EPS $0.30 Beats $0.28 Estimate, Sales $1.803B Miss $1.810B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntington Bancshares (NASDAQ:HBAN) reported Q2 2024 earnings per share (EPS) of $0.30, beating the analyst estimate of $0.28. However, sales of $1.803 billion missed the estimate of $1.810 billion. Both EPS and sales showed a decline compared to the same period last year.
July 19, 2024 | 10:34 am
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Huntington Bancshares reported Q2 2024 EPS of $0.30, beating the estimate of $0.28, but sales of $1.803 billion missed the $1.810 billion estimate. Both EPS and sales declined year-over-year.
The mixed results, with EPS beating but sales missing estimates, and both metrics declining year-over-year, suggest a neutral short-term impact on HBAN's stock price. Investors may be cautious due to the sales miss and year-over-year declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100