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.

Analyst Trends:

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.

Earnings Trends:

Here’s how First Horizon National has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
First Horizon National has beat analyst estimates time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)