First Horizon National Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component First Horizon National Corp (NYSE:FHN) will unveil its latest earnings on Friday, January 20, 2012. First Horizon National, through its banking-related subsidiaries, provides financial services.

First Horizon National Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 14 cents per share, a swing from a loss of 20 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 14 cents during the last month. Analysts are projecting net income of 51 cents per share versus net loss of 22 cents last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 12 cents per share versus a mean estimate of net income of 16 cents per share. In the second quarter, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $362.5 million in revenue this quarter, a decline of 7.8% from the year ago quarter. Analysts are forecasting total revenue of $1.46 billion for the year, a decline of 13.6% from last year’s revenue of $1.69 billion.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, two rating it as a sell and seven rating it as a hold.

A Look Back: In the third quarter, profit rose 17.1% to $36.1 million (14 cents a share) from $30.8 million (7 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 8.9% to $429.2 million from $471.4 million.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 15.6% in the second quarter from the year earlier, dropped 13.4% in first quarter from the year-ago quarter and 10.3% in the fourth quarter of the last fiscal year.

Competitors to Watch: Pinnacle Financial Partners (NASDAQ:PNFP), Bank of America Corp. (NYSE:BAC), SunTrust Banks, Inc. (NYSE:STI), Wells Fargo & Company (NYSE:WFC), Green Bankshares, Inc. (NASDAQ:GRNB), First Security Group, Inc. (NASDAQ:FSGI), PNC Financial Services (NYSE:PNC), Cadence Financial Corp. (NASDAQ:CADE), BancorpSouth, Inc. (NYSE:BXS), and BB&T Corporation (NYSE:BBT).

Stock Price Performance: During October 18, 2011 to January 13, 2012, the stock price had risen $2.02 (30.3%) from $6.66 to $8.68. The stock price saw one of its best stretches over the last year between December 30, 2011 and January 11, 2012 when shares rose for eight-straight days, rising 9.5% (+76 cents) over that span. It saw one of its worst periods between April 6, 2011 and April 18, 2011 when shares fell for nine-straight days, falling 6.8% (-78 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com