First Horizon National: Here’s What Investors Need to Know Before Earnings
First Horizon National (NYSE:FHN) will report earnings before markets open on Friday, July 19th. First Horizon National Corporation, through its subsidiaries, provides a range of financial services. The Company offers a variety of commercial banking services and also conducts mortgage banking, capital markets, and transaction processing.
Here is your Cheat Sheet to First Horizon National Earnings:
Earnings Expectations: Analysts expect earnings of $0.19 per share on revenues of $318.96 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.22 to a profit $0.2. For the current year, the average estimate is a profit of $0.78, which is worse than the estimate ninety days ago.
Here’s how First Horizon National has been performing on an annual basis:
|Revenue ($) in millions||3,098||2,226||1,836||1,618||1,470|
|Diluted EPS ($)||-0.93||-1.40||-0.25||0.50||-0.11|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||359.64||364.05||342.64||342.83|
|Diluted EPS ($)||-0.50||0.10||0.17||0.17|
First Horizon National has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)