First Horizon National (FHN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Core Viewpoint - First Horizon National (FHN) is anticipated to report a year-over-year increase in earnings driven by higher revenues for the quarter ended September 2024, with the consensus outlook suggesting a positive earnings picture [1][3]. Earnings Expectations - The consensus EPS estimate for First Horizon is $0.38 per share, reflecting a year-over-year increase of +40.7% [3]. - Expected revenues for the quarter are $821.63 million, which is a 5.6% increase from the same quarter last year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.27%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for First Horizon is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +3.18%, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - First Horizon currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [10]. Historical Performance - In the last reported quarter, First Horizon was expected to post earnings of $0.37 per share but delivered $0.36, resulting in a surprise of -2.70% [11]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [12]. Conclusion - First Horizon is viewed as a compelling candidate for an earnings beat, but investors are advised to consider other factors that may influence stock performance ahead of the earnings release [15].