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Why First Horizon National (FHN) Might Surprise This Earnings Season
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Investors are always looking for stocks that are poised to beat at earnings season and First Horizon National Corporation (FHN - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because First Horizon National is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for FHN in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 43 cents per share for FHN, compared to a broader Zacks Consensus Estimate of 42 cents per share. This suggests that analysts have very recently bumped up their estimates for FHN, giving the stock a Zacks Earnings ESP of +1.29% heading into earnings season.
First Horizon National Corporation Price and EPS Surprise
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Clearly, recent earnings estimate revisions suggest that good things are ahead for First Horizon National, and that a beat might be in the cards for the upcoming report.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
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Why First Horizon National (FHN) Might Surprise This Earnings Season
Investors are always looking for stocks that are poised to beat at earnings season and First Horizon National Corporation (FHN - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because First Horizon National is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for FHN in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 43 cents per share for FHN, compared to a broader Zacks Consensus Estimate of 42 cents per share. This suggests that analysts have very recently bumped up their estimates for FHN, giving the stock a Zacks Earnings ESP of +1.29% heading into earnings season.
First Horizon National Corporation Price and EPS Surprise
First Horizon National Corporation price-eps-surprise | First Horizon National Corporation Quote
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that FHN has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for First Horizon National, and that a beat might be in the cards for the upcoming report.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
See 5 Stocks Set to Double>>