Huntington Bancshares HBANis scheduled to report first-quarter 2018 results on Apr 24, before the opening bell. The company’s revenues and earnings are projected to grow year over year.
The company’s first-quarter results are expected to reflect the support from robust organic growth and benefits of strategic moves.
Rising interest rates might have worked in favor too. Though flatter yield curve offsets the benefits to some extent, pressure on Huntington’s net interest margin is likely to ease slightly from the rate hikes. The Zacks Consensus Estimate of $1.10 billion for revenues indicates a 5.5% year-over-year improvement.
Huntington has a decent earnings surprise history, with an average positive surprise of 2.1%.