Huntington Bancshares Inc reports results for the quarter ended June 30 - Earnings Summary

• Huntington Bancshares Inc HBAN.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 30 cents. The mean expectation of twenty analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 30 cents to 38 cents per share.

• Revenue rose 7.6% to $1.95 billion from a year ago; analysts expected $1.98 billion.

• Huntington Bancshares Inc's reported EPS for the quarter was 34 cents​.

• The company reported quarterly net income of $509 million.

• Huntington Bancshares Inc shares had risen by 1.3% this quarter and gained 4.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Huntington Bancshares Inc is $19.00, about 10.6% above its last closing price of $16.98

This summary was machine generated from LSEG data July 18 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)