Hancock Whitney Corp reports results for the quarter ended in December - Earnings Summary

Hancock Whitney

16/01/2024 22:01

* Hancock Whitney Corp  HWC.OQ  reported quarterly adjusted
earnings of 58 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.65.  The mean expectation of
ten analysts for the quarter was for earnings of $1.19 per
share. Wall Street expected results to range from $1.12 
to $1.24 per share.
    * Revenue fell 17% to $311.25 million from a year ago;
analysts
expected $342.88 million. 
    * Hancock Whitney Corp's reported EPS for the quarter was 58
cents​.
    * The company reported quarterly net income of $50.6
million.
    * Hancock Whitney Corp shares had fallen by 6.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
 "hold."

Wall Street's median 12-month price target for Hancock Whitney
Corp is $51.00 
This summary was machine generated from LSEG data January 16 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.19           0.58           Missed
 Sep. 30 2023      1.04           1.12           Beat
 Jun. 30 2023      1.34           1.35           Beat
 Mar. 31 2023      1.43           1.45           Beat