First Horizon National 2Q Earnings Pregame Scorecard

Published July 17, 2012

| FOXBusiness

Last quarter First Horizon National (FHN) fell short of Wall Street estimates, and it is scheduled to report again on Friday.

Expectations

Analysts currently expect First Horizon National to come in with a loss of -50 cents per share on revenues of $358.6 million. Analyst estimates range from -63 cents per share to -37 cents per share. Over the past three months, the average estimate has moved down from 14 cents.

Last Quarter's Results

In the first quarter, profit fell 24% to $30.5 million (12 cents a share) from $40.2 million (15 cents a share) the year earlier, missing analyst expectations. Revenue fell 0.3% to $403.9 million from $405.1 million.

Stock Ratings

Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $1.25 per share between May 29, 2012 and June 5, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $1.14 (-11.4%), from $9.96 to $8.82.

Company Fundamental Trends
In the aftermarth of a profit drop last quarter that a positive string of results, the company is looking to get back on track with this earnings announcement. Before falling in the first quarter, revenue rose 13.4% in the second quarter of the last fiscal year, 17.1% in the third quarter of the last fiscal year and more than twofold in the fourth quarter of the last fiscal year. In terms of revenue, the company hopes that this earnings announcement will help it rebound from streak of four straight quarters of decreases. Revenue fell 15.6% over the second quarter of the last fiscal year, 8.9% in third quarter of the last fiscal year and 8.7% in the fourth quarter of the last fiscal year and continued to drop first quarter.

Summary

Reporting Period: 2Q

Date of Release: Friday, July 20, 2012 before market open

EPS: 50 cents net loss

Revenue Estimate: $358.6 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)


URL

http://www.foxbusiness.com/markets/2012/07/17/first-horizon-national-2q-earnings-pregame-scorecard/