Huntington Bancshares Earnings Preview: Can This Streak Continue?

Huntington Bancshares (NASDAQ:HBAN) will report earnings before markets open on Thursday, July 18th. Huntington Bancshares Incorporated is a multi-state bank holding company. The Company’s subsidiaries provide full-service commercial and consumer banking services, mortgage banking services, automobile financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other financial products and services.

Here is your Cheat Sheet to Huntington Bancshares Earnings:

Earnings Expectations: Analysts expect earnings of $0.16 per share on revenues of $684.15 million. Currently, the company’s P/E ratio stands at 11.52.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.17 and has not changed. For the current year, the average estimate is a profit of $0.67, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Huntington Bancshares has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 3,505 3,244 3,187 2,951 3,028
Diluted EPS ($) -0.44 -6.13 0.19 0.59 0.71

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 741.36 744.85 776.65 717.53
Diluted EPS ($) 0.17 0.19 0.19 0.17

Past Performance:
Huntington Bancshares has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)