Wall Street analysts expect First Horizon National (FHN) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year increase of 3.9%. Revenues are expected to be $889.7 million, up 0.1% from the year-ago quarter.
The current level reflects an upward revision of 0.3% 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 announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific First Horizon metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Efficiency Ratio' to come in at 58.1%. Compared to the present estimate, the company reported 61.9% in the same quarter last year.
According to the collective judgment of analysts, 'Net Interest Margin (FTE)' should come in at 3.5%. Compared to the present estimate, the company reported 3.6% in the same quarter last year.
Analysts forecast 'Average Balance - Total interest earning assets' to reach $78.61 billion. Compared to the present estimate, the company reported $76.03 billion in the same quarter last year.
The average prediction of analysts places 'Total nonperforming assets' at $527.00 million. Compared to the current estimate, the company reported $621.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Total nonperforming loans and leases' will reach $525.50 million. Compared to the present estimate, the company reported $605.00 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Total Non-Interest Income' of $202.75 million. Compared to the present estimate, the company reported $215.00 million in the same quarter last year.
The consensus estimate for 'Net interest income (FTE)' stands at $684.87 million. Compared to the present estimate, the company reported $678.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $684.00 million. The estimate compares to the year-ago value of $674.00 million.
Analysts' assessment points toward 'Fixed income' reaching $42.73 million. The estimate compares to the year-ago value of $57.00 million.
It is projected by analysts that the 'Brokerage, trust, and insurance' will reach $44.98 million. The estimate compares to the year-ago value of $39.00 million.
Analysts predict that the 'Service charges and fees' will reach $59.45 million. Compared to the current estimate, the company reported $57.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Card and digital banking fees' will likely reach $18.71 million. Compared to the current estimate, the company reported $19.00 million in the same quarter of the previous year.
View all Key Company Metrics for First Horizon here>>>Shares of First Horizon have experienced a change of -5.7% in the past month compared to the +2.4% 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 >>>> .
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