We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stay Ahead of the Game With First Horizon (FHN) Q4 Earnings: Wall Street's Insights on Key Metrics
Read MoreHide Full Article
The upcoming report from First Horizon National (FHN - Free Report) is expected to reveal quarterly earnings of $0.46 per share, indicating an increase of 7% compared to the year-ago period. Analysts forecast revenues of $862.19 million, representing an increase of 18.3% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 3.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some First Horizon metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 59.7%. The estimate is in contrast to the year-ago figure of 62.0%.
The collective assessment of analysts points to an estimated 'Net Interest Margin (FTE)' of 3.4%. The estimate is in contrast to the year-ago figure of 3.3%.
Analysts forecast 'Average Balance - Total interest earning assets' to reach $76.16 billion. The estimate compares to the year-ago value of $75.74 billion.
Analysts predict that the 'Total nonperforming assets' will reach $630.13 million. Compared to the current estimate, the company reported $608.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Total nonperforming loans and leases' at $622.63 million. Compared to the current estimate, the company reported $602.00 million in the same quarter of the previous year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $209.29 million. The estimate is in contrast to the year-ago figure of $99.00 million.
The consensus estimate for 'Net interest income (FTE)' stands at $659.03 million. Compared to the present estimate, the company reported $634.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $654.83 million. The estimate is in contrast to the year-ago figure of $630.00 million.
Over the past month, First Horizon shares have recorded returns of +3.7% versus the Zacks S&P 500 composite's +1.9% change. Based on its Zacks Rank #2 (Buy), FHN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Stay Ahead of the Game With First Horizon (FHN) Q4 Earnings: Wall Street's Insights on Key Metrics
The upcoming report from First Horizon National (FHN - Free Report) is expected to reveal quarterly earnings of $0.46 per share, indicating an increase of 7% compared to the year-ago period. Analysts forecast revenues of $862.19 million, representing an increase of 18.3% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 3.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some First Horizon metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Efficiency Ratio' should arrive at 59.7%. The estimate is in contrast to the year-ago figure of 62.0%.
The collective assessment of analysts points to an estimated 'Net Interest Margin (FTE)' of 3.4%. The estimate is in contrast to the year-ago figure of 3.3%.
Analysts forecast 'Average Balance - Total interest earning assets' to reach $76.16 billion. The estimate compares to the year-ago value of $75.74 billion.
Analysts predict that the 'Total nonperforming assets' will reach $630.13 million. Compared to the current estimate, the company reported $608.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Total nonperforming loans and leases' at $622.63 million. Compared to the current estimate, the company reported $602.00 million in the same quarter of the previous year.
Analysts' assessment points toward 'Total Non-Interest Income' reaching $209.29 million. The estimate is in contrast to the year-ago figure of $99.00 million.
The consensus estimate for 'Net interest income (FTE)' stands at $659.03 million. Compared to the present estimate, the company reported $634.00 million in the same quarter last year.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $654.83 million. The estimate is in contrast to the year-ago figure of $630.00 million.
View all Key Company Metrics for First Horizon here>>>Over the past month, First Horizon shares have recorded returns of +3.7% versus the Zacks S&P 500 composite's +1.9% change. Based on its Zacks Rank #2 (Buy), FHN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .