First Horizon National Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component First Horizon National (NYSE:FHN) will unveil its latest earnings tomorrow, Friday, January 18, 2013. First Horizon National, through its banking-related subsidiaries, provides financial services.
First Horizon National Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 17 cents per share, a rise of 30.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 20 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 18 cents during the last month. For the year, analysts are projecting a loss of 11 cents per share, a swing from profit of 47 cents last year.
Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at net income of 17 cents per share against a mean estimate of profit of 18 cents. The company fell in line with expectations in the second quarter.
A Look Back: In the third quarter, profit fell 28.5% to $25.8 million (10 cents a share) from $36.1 million (14 cents a share) the year earlier, missing analyst expectations. Revenue fell 15.2% to $364.1 million from $429.2 million.
Here’s how First Horizon National traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: