Earnings Outlook For First BanCorp
Portfolio Pulse from Benzinga Insights
First BanCorp (NYSE:FBP) is expected to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $0.36. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, FBP's stock price has shown varied reactions to past earnings performances. The stock is currently trading at $16.08, with a 52-week increase of 21.4%. The upcoming earnings report could influence the stock's short-term performance.
January 23, 2024 | 3:01 pm
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NEUTRAL IMPACT
First BanCorp is anticipated to report quarterly earnings with an EPS estimate of $0.36. Positive guidance and earnings beat could positively impact the stock, while any negative surprises could lead to a decline.
The expected EPS is a key indicator of the company's performance. While historical data shows mixed reactions to earnings reports, the overall positive trend in the stock price suggests that investors have confidence in FBP. However, the actual impact will depend on whether FBP meets or exceeds expectations and provides positive future guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100