Why First Horizon (FHN) is Poised to Beat Earnings Estimates Again

For the most recent quarter, First Horizon was expected to post earnings of $0.34 per share, but it reported $0.35 per share instead, representing a surprise of 2.94%. For the previous quarter, the consensus estimate was $0.31 per share, while it actually produced $0.32 per share, a surprise of 3.23%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks wit ...