Will First Horizon (FHN) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - First Horizon National (FHN) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend of surpassing expectations in previous quarters [1]. Earnings Performance - First Horizon has consistently exceeded earnings estimates, with an average surprise of 11.84% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.43 per share against an expected$0.38, resulting in a surprise of 13.16% [2]. - For the previous quarter, First Horizon's actual earnings were $0.42 per share, surpassing the consensus estimate of$0.38, which led to a surprise of 10.53% [2]. Earnings Estimates and Predictions - Recent estimates for First Horizon have been revised upward, indicating growing analyst confidence in the company's near-term earnings potential [5]. - The Zacks Earnings ESP for First Horizon is currently +3.80%, suggesting a favorable outlook for an earnings beat [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high probability of another earnings surprise [5][8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].