First Horizon's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
First Horizon (NYSE:FHN) is expected to release its quarterly earnings report on January 18, 2024, with an estimated EPS of $0.30. Investors are looking for an earnings beat and positive guidance for future growth. Historically, FHN's stock price has shown modest reactions to past earnings performances. Currently, the stock is trading at $13.28, down 46.69% over the last 52 weeks, indicating potential dissatisfaction among long-term shareholders.
January 17, 2024 | 3:01 pm
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NEUTRAL IMPACT
First Horizon is anticipated to report quarterly earnings with investors focusing on both the earnings beat and future guidance. The stock has experienced a significant decline over the past year, which may influence investor sentiment.
The short-term impact on FHN's stock price will likely depend on whether the earnings beat expectations and the nature of the future guidance provided. Historical data shows modest stock price movements post-earnings, suggesting a neutral score. The relevance is high as the earnings report is directly related to the company's performance. The importance is significant as earnings reports can be a key driver of stock price movements. Confidence is moderate, reflecting the uncertainty inherent in predicting market reactions to earnings reports.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100