Hancock Whitney (HWC) got here out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to lack of $1.28 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 24.74%. 1 / 4 in the past, it was anticipated that this holding firm of Whitney Financial institution and Hancock Financial institution would publish earnings of $0.91 per share when it truly produced earnings of $0.96, delivering a shock of 5.49%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 3 times.
Hancock Whitney, which belongs to the Zacks Banks – Southeast business, posted revenues of $321.68 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 3.72%. This compares to year-ago revenues of $315.58 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.
The sustainability of the inventory’s speedy value motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Hancock Whitney shares have added about 27.6% because the starting of the yr versus the S&P 500’s achieve of 11.4%.
What’s Subsequent for Hancock Whitney?
Whereas Hancock Whitney has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Hancock Whitney was combined. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out consistent with the market within the close to future. You possibly can see the whole checklist of at this time’s Zacks #1 Rank (Sturdy Purchase) shares right here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.92 on $311.78 million in revenues for the approaching quarter and $3.77 on $1.25 billion in revenues for the present fiscal yr.
Buyers needs to be conscious of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Banks – Southeast is presently within the high 6% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Hancock Whitney Company (HWC): Free Inventory Evaluation Report
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