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S&P 500 (NYSE:SPY) component Huntington Bancshs (NASDAQ:HBAN) will unveil its latest earnings tomorrow, Thursday, January 17, 2013. Huntington Bancshares is a financial holding company that offers various financial services through its subsidiary in several states.
Huntington Bancshs Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 17 cents per share, a rise of 21.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 16 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 17 cents during the last month. For the year, analysts are projecting net income of 68 cents per share, a rise of 15.3% from last year.
Past Earnings Performance: Last quarter, the company reported profit of 19 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.
A Look Back: In the third quarter, profit rose 17% to $167.8 million (19 cents a share) from $143.4 million (16 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 0.8% to $745 million from $750.9 million.
Here’s how Huntington Bancshs traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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