First Citizens BancShares Earnings Preview
Portfolio Pulse from Benzinga Insights
First Citizens BancShares (NASDAQ:FCNCA) is scheduled to release its quarterly earnings report on January 26, 2024. Analysts predict an EPS of $47.98. Investors are looking for an earnings beat and positive guidance for future growth. Despite beating EPS estimates last quarter, FCNCA's stock dropped by 4.66% the following day. Historically, the company's stock performance has been positive over the last year, with an 85% increase. The stock was trading at $1423.62 as of January 23.
January 25, 2024 | 2:00 pm
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NEUTRAL IMPACT
First Citizens BancShares is expected to report an EPS of $47.98. Last quarter's EPS beat resulted in a 4.66% stock price drop. Shares have risen 85% over the past year, indicating a positive long-term trend.
The short-term impact on FCNCA's stock price is uncertain. While a positive earnings beat could lead to a stock increase, the last beat resulted in a price drop. Long-term trends are positive, which may mitigate short-term volatility.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100