First Horizon National (FHN) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - First Horizon National (FHN) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on July 16, with a consensus estimate of $0.41 per share, reflecting a year-over-year increase of +13.9%. Revenues are projected to be $826.37 million, up 1.4% from the previous year [3][2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 1.73% lower, indicating a reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +2.94% for First Horizon, suggesting analysts have recently become more optimistic about the company's earnings. However, the stock holds a Zacks Rank of 4, complicating predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, First Horizon exceeded the consensus EPS estimate of $0.40 by delivering earnings of $0.42, resulting in a surprise of +5.00%. Over the past four quarters, the company has beaten consensus EPS estimates three times [13][14]. Conclusion - While First Horizon does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].