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Will First Horizon (FHN) Beat Estimates Again in Its Next Earnings Report?

First Horizon Corp. (FHN) is set to release its next quarterly earnings report on April 20, 2023. The question on investors' minds is whether the company will continue its impressive streak of beating earnings estimates.

In its last four earnings reports, First Horizon has consistently delivered positive surprises. The company has beaten estimates by an average of 5.5% over this period, with the largest surprise being a 10.4% beat in the previous quarter.

Analysts are expecting First Horizon to report earnings per share (EPS) of $0.33 in its next report, which would represent a 4.2% year-over-year increase. Revenue is expected to come in at $1.14 billion, a 4.5% increase from the same period last year.

First Horizon's strong performance is largely attributed to its focus on core banking and its ability to generate non-interest income. The company has also been successful in reducing its expenses, which has helped to improve its profitability.

While First Horizon's historical track record of beating estimates is impressive, it's not the only factor that investors should consider. The company's valuations are relatively high compared to its peers, which could make it more challenging for the stock to continue its upward trend.

Despite these concerns, many analysts remain optimistic about First Horizon's prospects. The company's strong earnings momentum, combined with its solid balance sheet and improving credit quality, make it an attractive option for investors seeking a stable and growing dividend payer.

First Horizon's next earnings report is set to be released on April 20, 2023. Investors will be closely watching the company's results to see if it can continue its streak of beating estimates.