In its upcoming report, Hancock Whitney (HWC) is predicted by Wall Street analysts to post quarterly earnings of $1.48 per share, reflecting an increase of 5.7% compared to the same period last year. Revenues are forecasted to be $389.33 million, representing a year-over-year increase of 6.7%.
The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Hancock Whitney metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Net interest margin (TE)' stands at 3.5%. Compared to the present estimate, the company reported 3.4% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 55.0%. The estimate is in contrast to the year-ago figure of 54.5%.
Analysts' assessment points toward 'Average Balance - Total interest earning assets' reaching $32.65 billion. The estimate compares to the year-ago value of $32.33 billion.
Analysts forecast 'Total nonperforming loans' to reach $112.23 million. Compared to the current estimate, the company reported $97.34 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Total nonperforming assets(Total nonaccrual loans + ORE and foreclosed assets)' will likely reach $123.73 million. The estimate compares to the year-ago value of $125.13 million.
The average prediction of analysts places 'Total Noninterest Income' at $103.11 million. Compared to the current estimate, the company reported $91.21 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Net interest income (TE)' should arrive at $289.81 million. Compared to the present estimate, the company reported $276.29 million in the same quarter last year.
Analysts predict that the 'Net Interest Income' will reach $286.84 million. The estimate compares to the year-ago value of $273.56 million.
It is projected by analysts that the 'Bank card and ATM fees' will reach $21.96 million. The estimate compares to the year-ago value of $21.40 million.
Analysts expect 'Investment and annuity fees and insurance commissions' to come in at $12.81 million. The estimate compares to the year-ago value of $10.90 million.
According to the collective judgment of analysts, 'Other income' should come in at $15.35 million. Compared to the current estimate, the company reported $14.73 million in the same quarter of the previous year.
The consensus among analysts is that 'Service charges on deposit accounts' will reach $25.28 million. The estimate is in contrast to the year-ago figure of $23.45 million.
View all Key Company Metrics for Hancock Whitney here>>>
Shares of Hancock Whitney have demonstrated returns of +1.8% over the past month compared to the Zacks S&P 500 composite's +2.1% change. With a Zacks Rank #3 (Hold), HWC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Hancock Whitney Corporation (HWC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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