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Hancock Whitney (HWC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-15 23:01
For the quarter ended September 2024, Hancock Whitney (HWC) reported revenue of $367.66 million, up 3.5% over the same period last year. EPS came in at $1.33, compared to $1.12 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $363.54 million, representing a surprise of +1.13%. The company delivered an EPS surprise of +1.53%, with the consensus EPS estimate being $1.31. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...
Hancock Whitney (HWC) Q3 Earnings and Revenues Top Estimates
ZACKS· 2024-10-15 22:15
Company Performance - Hancock Whitney (HWC) reported quarterly earnings of $1.33 per share, exceeding the Zacks Consensus Estimate of $1.31 per share, and up from $1.12 per share a year ago, representing an earnings surprise of 1.53% [1] - The company posted revenues of $367.66 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.13%, and an increase from $355.21 million year-over-year [2] - Hancock Whitney has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times in the same period [2] Stock Performance and Outlook - Hancock Whitney shares have increased approximately 9.2% since the beginning of the year, while the S&P 500 has gained 22.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $363.71 million, and for the current fiscal year, it is $5.14 on revenues of $1.44 billion [7] Industry Context - The Zacks Industry Rank indicates that the Banks - Southeast industry is currently in the bottom 34% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5][6]
Hancock Whitney (HWC) - 2024 Q3 - Quarterly Results
2024-10-15 20:01
Exhibit 99.1 FOR IMMEDIATE RELEASE October 15, 2024 For more information Kathryn Shrout Mistich, VP, Investor Relations Manager 504.539.7836 or kathryn.mistich@hancockwhitney.com Hancock Whitney reports third quarter 2024 EPS of $1.33 GULFPORT, Miss. (October 15, 2024) — Hancock Whitney Corporation (Nasdaq: HWC) today announced its financial results for the third quarter of 2024. Net income for the third quarter of 2024 totaled $115.6 million, or $1.33 per diluted common share (EPS), compared to $114.6 mill ...
What Analyst Projections for Key Metrics Reveal About Hancock Whitney (HWC) Q3 Earnings
ZACKS· 2024-10-10 14:20
Analysts on Wall Street project that Hancock Whitney (HWC) will announce quarterly earnings of $1.31 per share in its forthcoming report, representing an increase of 17% year over year. Revenues are projected to reach $363.54 million, increasing 2.4% from the same quarter last year. Over the last 30 days, there has been a downward revision of 1.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...
Hancock Whitney (HWC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-08 15:08
Hancock Whitney (HWC) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 15, 2024, might help the stock move higher if these key numbers are bette ...
6 Reasons Why You Should Bet on Hancock Whitney Stock Right Now
ZACKS· 2024-09-04 16:01
Hancock Whitney (HWC) is well poised to benefit from its solid balance sheet, prospects of interest rate cuts and strategic efforts to bolster net interest margin (NIM) despite concerns related to high funding costs. Bullish Analyst Sentiments for HWC The Zacks Consensus Estimate for Hancock Whitney's 2024 and 2025 has been revised marginally upward over the past month. The positive estimate revision indicates that analysts are optimistic regarding the company's prospects and earnings potential. Estimate Re ...
Hancock Whitney (HWC) Upgraded to Buy: Here's What You Should Know
ZACKS· 2024-09-03 17:01
Hancock Whitney (HWC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...
Hancock Whitney (HWC) - 2024 Q2 - Quarterly Report
2024-08-07 20:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36872 HANCOCK WHITNEY CORPORATION (Exact name of registrant as specified in its charter) Mississippi 64-0693170 (State or other ...
Hancock Whitney: Still Room For Upside After A Solid Q2
Seeking Alpha· 2024-07-18 03:29
i - 1 Coming in such a short space of time, those returns naturally make the stock a little more expensive than it was at previous coverage. Still, Q2 figures released this week looked solid, and while the shares may be a little more expensive now at $55.37, the implied valuation still doesn't require aggressive long-term assumptions to work. Indeed, investors can afford to see Hancock underperform on profitability and growth while still offering upside beyond the $60 per share region. As such, I keep my 'B ...
Hancock Whitney (HWC) Q2 Earnings Beat on Fee Income Growth
ZACKS· 2024-07-17 16:21
Hancock Whitney Corp.'s (HWC) second-quarter 2024 earnings per share of $1.31 beat the Zacks Consensus Estimate of $1.19. However, the bottom line compared unfavorably with $1.35 per share registered in the yearago quarter. The results were aided by an increase in non-interest income. However, a decline in net interest income (NII) and higher expenses and provisions were the undermining factors. Net income was $114.6 million, down 2.7% year over year. Our estimate for the metric was $98.7 million. Revenues ...