What to Look for When First Horizon (FHN) Posts Q2 Results

First Horizon (FHN) is scheduled to report its 2016 second quarter earnings before Friday’s opening bell.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of First Horizon National (FHN) - Get Report closed higher by 1.76% to $14.49 on Thursday ahead of the bank holding company's 2016 second quarter results due out before tomorrow's market open.

Analysts are modeling that earnings per share and revenue will rise year-over-year.

Wall Street is expecting the Memphis-based firm to post earnings of 23 cents per share on revenue of $314.57 million.

During the same quarter last year, First Horizon reported adjusted earnings of 22 cents per share on revenue of $296.94 million.

Additionally, bank stocks gained today after JPMorgan Chase's (JPM) better-than-expected results.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FHN

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