Preview: First Bank's Earnings
Portfolio Pulse from Benzinga Insights
First Bank (NASDAQ:FRBA) is expected to release its quarterly earnings report on Wednesday, 2024-01-24, with an estimated EPS of $0.39. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, First Bank has had a mixed record of beating EPS estimates, with share price reactions varying accordingly. The stock is currently trading at $14.55, up 7.88% over the last 52 weeks, indicating a positive sentiment among long-term shareholders ahead of the earnings release.
January 23, 2024 | 7:01 pm
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POSITIVE IMPACT
First Bank is anticipated to report quarterly earnings with an EPS estimate of $0.39. A history of mixed EPS beats and the stock's positive year-long performance may influence investor expectations.
Given First Bank's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a positive short-term impact on FRBA's stock price if they beat the EPS estimate again. The stock's recent positive performance further supports investor optimism. However, the actual impact will also heavily depend on the guidance provided for future quarters.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100