First Horizon Corporation reports results for the quarter ended September 30 - Earnings Summary

• First Horizon Corporation FHN.N reported quarterly adjusted earnings of 53 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 51 cents. The mean expectation of twenty one analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 49 cents to 55 cents per share.

• Revenue fell 0.7% to $883.00 million from a year ago; analysts expected $889.96 million.

• First Horizon Corporation's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $94 million.

• First Horizon Corporation shares had fallen by 1.5% this quarter and lost 5.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 14 "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 Corporation is $27.00, about 16% above its last closing price of $22.67

This summary was machine generated from LSEG data October 15 at 01:34 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)