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.
Countdown to First Horizon (FHN) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Read MoreHide Full Article
Wall Street analysts expect First Horizon National (FHN - Free Report) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 16.7%. Revenues are expected to be $866.27 million, up 6.7% from the year-ago quarter.
The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
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.
Analysts predict that the 'Efficiency Ratio' will reach 59.2%. The estimate compares to the year-ago value of 60.1%.
Analysts forecast 'Average Balance - Total interest earning assets' to reach $77.15 billion. The estimate compares to the year-ago value of $74.79 billion.
Analysts' assessment points toward 'Net Interest Margin (FTE)' reaching 3.5%. The estimate compares to the year-ago value of 3.4%.
The combined assessment of analysts suggests that 'Total nonperforming loans and leases' will likely reach $602.00 million. The estimate compares to the year-ago value of $609.00 million.
Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $658.33 million. The estimate compares to the year-ago value of $631.00 million.
The consensus estimate for 'Total Non-Interest Income' stands at $207.71 million. Compared to the current estimate, the company reported $181.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Net interest income (FTE)' at $656.03 million. The estimate is in contrast to the year-ago figure of $634.00 million.
Shares of First Horizon have experienced a change of +10.2% in the past month compared to the +0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), FHN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Countdown to First Horizon (FHN) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect First Horizon National (FHN - Free Report) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 16.7%. Revenues are expected to be $866.27 million, up 6.7% from the year-ago quarter.
The current level reflects an upward revision of 0.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
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.
Analysts predict that the 'Efficiency Ratio' will reach 59.2%. The estimate compares to the year-ago value of 60.1%.
Analysts forecast 'Average Balance - Total interest earning assets' to reach $77.15 billion. The estimate compares to the year-ago value of $74.79 billion.
Analysts' assessment points toward 'Net Interest Margin (FTE)' reaching 3.5%. The estimate compares to the year-ago value of 3.4%.
The combined assessment of analysts suggests that 'Total nonperforming loans and leases' will likely reach $602.00 million. The estimate compares to the year-ago value of $609.00 million.
Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $658.33 million. The estimate compares to the year-ago value of $631.00 million.
The consensus estimate for 'Total Non-Interest Income' stands at $207.71 million. Compared to the current estimate, the company reported $181.00 million in the same quarter of the previous year.
The average prediction of analysts places 'Net interest income (FTE)' at $656.03 million. The estimate is in contrast to the year-ago figure of $634.00 million.
View all Key Company Metrics for First Horizon here>>>Shares of First Horizon have experienced a change of +10.2% in the past month compared to the +0.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), FHN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .