Earnings To Watch: First Horizon (FHN) Will Announce Q4 Results Tomorrow

First Horizon Set to Announce Earnings: Key Insights

This Thursday, before the market opens, First Horizon (NYSE:FHN), a regional banking institution, is scheduled to release its latest financial results. Here’s a summary of what investors should know ahead of the announcement.

Recent Performance Overview

In the previous quarter, First Horizon delivered revenues of $893 million, marking a 7.5% increase compared to the same period last year and surpassing analyst forecasts by 5.2%. The company not only exceeded revenue projections but also outperformed expectations for earnings per share, making it a standout quarter.

What to Expect This Quarter

For the upcoming report, analysts anticipate First Horizon’s revenue will reach $863.3 million, representing a 4.8% year-over-year rise—an improvement over the 3% growth seen in the corresponding quarter last year. Adjusted earnings per share are projected to be $0.46.

Analyst Sentiment and Historical Trends

Over the past month, analysts have largely maintained their forecasts, indicating confidence in the company’s current trajectory. However, it’s worth noting that First Horizon has fallen short of Wall Street’s revenue expectations three times in the past two years.

Peer Comparison

Among its banking sector peers, only JPMorgan Chase has reported results so far, matching revenue expectations and achieving a 6.9% year-over-year sales increase. Despite this, the stock experienced a significant 92.9% decline following the announcement.

Market Reaction and Price Targets

Banking stocks have seen relatively minor fluctuations ahead of earnings, with the sector’s average share price dipping 1.2% over the past month. In contrast, First Horizon’s stock has risen by 1.3% during the same period. The consensus analyst price target for First Horizon stands at $26.62, compared to its current price of $24.17.

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Further Analysis

Curious whether First Horizon is a buy or sell ahead of earnings? Access our in-depth analysis here—free for Edge members.