First Horizon Corp expected to post earnings of 37 cents a share - Earnings Preview

First Horizon

15/07/2024 13:33

* First Horizon Corp  FHN.N   FHN  is expected to show a
fall in
quarterly revenue when it reports  results on July 17 for the
period ending June 30 2024
    * The Memphis Tennessee-based  company is expected to report
a
20.3% decrease in revenue to $822.032 million from $1.03 billion
a year ago, according to the mean estimate from 13 analysts,
based on LSEG data. (SAL represent Total/ Operating Revenue)
    * ​LSEG's mean analyst estimate for First Horizon Corp is
for
earnings of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for First
Horizon
Corp is $18.00​, above​ its last closing price of $16.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.33        0.34       0.35      Beat    3.9
 Dec. 31 2024  0.30        0.30       0.32      Beat    6.8
 Sep. 30 2023  0.24        0.24       0.27      Beat    10.4​
 Jan. 1 0001   0.41        0.41       0.39      Missed  -3.8
 ​​Jan.        0.47        0.47       0.45      Missed  -4.8
 1 0001                                                 
 Dec. 31 2022  0.52        0.48       0.51      Beat    6.8​
 Jan. 1 0001   0.45        0.43       0.44      Beat    2.2
 Jun. 30 2022  0.35        0.36       0.34      Missed  -5.3
 This summary was machine generated July 15 at 12:33 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)