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Hancock Whitney (HWC) Q2 Earnings Report Preview: What To Look For

HWC Cover Image

Regional bank Hancock Whitney (NASDAQ: HWC) will be reporting results this Tuesday after market hours. Here’s what investors should know.

Hancock Whitney missed analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $364.7 million, up 2.2% year on year. It was a slower quarter for the company, with a miss of analysts’ net interest income estimates.

Is Hancock Whitney a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Hancock Whitney’s revenue to grow 4.1% year on year to $377.2 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share.

Hancock Whitney Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hancock Whitney has missed Wall Street’s revenue estimates twice over the last two years.

With Hancock Whitney being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.3% on average over the last month. Hancock Whitney is up 10.5% during the same time and is heading into earnings with an average analyst price target of $65.63 (compared to the current share price of $59.58).

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