* First Horizon Corp reported quarterly adjusted earnings of 43 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 35 cents to 44 cents per share.
* Revenue fell 17.6% to $659.00 million from a year ago; analysts expected $820.70 million.
* First Horizon Corp's reported EPS for the quarter was 29 cents.
* The company reported quarterly net income of $158 million.
* First Horizon Corp shares had risen by 6.2% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 2.4% in the last three months.
* In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for First Horizon Corp is $23.00 This summary was machine generated from LSEG data January 16 at 04:35 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2024 0.39 0.43 Beat
Sep. 30 2024 0.38 0.42 Beat
Jun. 30 2024 0.37 0.36 Missed
Mar. 31 2024 0.34 0.35 Beat
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