Huntington Bancshares Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Huntington Bancshares Incorporated HBAN is expected to release earnings results for its fourth quarter before the opening bell on Jan. 19, 2024.

Analysts expect the company to report quarterly earnings at 27 cents per share, down from 42 cents per share in the year-ago period. The company is projected to report revenue of $1.77 billion, compared to $1.97 billion in the year-earlier quarter, according to data from Benzinga Pro.

Huntington Bancshares recently announced the retirement of Paul Heller, Chief Technology and Operations Officer, effective March 1, 2024.

Huntington Bancshares shares closed at $12.24 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst David Long maintained a Strong Buy rating and raised the price target from $13 to $15 on Dec. 26, 2023. This analyst has an accuracy rate of 62%.
• RBC Capital analyst Jon Arfstrom maintained an Outperform rating and increased the price target from $12 to $15 on Dec. 18, 2023. This analyst has an accuracy rate of 63%.
• Morgan Stanley analyst Ken Zerbe maintained an Overweight rating and boosted the price target from $12 to $13 on Dec. 4, 2023. This analyst has an accuracy rate of 72%.
• JP Morgan analyst Steven Alexopoulos maintained a Neutral rating and cut the price target from $13 to $12 on Oct. 5, 2023. This analyst has an accuracy rate of 63%.
• Citigroup analyst Keith Horowitz initiated coverage on the stock with a Buy rating and a price target of $12 on Sept. 29, 2023. This analyst has an accuracy rate of 74%.

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