First Interstate BancSys's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
First Interstate BancSys (NASDAQ:FIBK) is scheduled to release its quarterly earnings report on January 30, 2024. Analysts predict an EPS of $0.61. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, FIBK's stock price has been sensitive to earnings performance and guidance. Last quarter, FIBK beat the EPS estimate by $0.08, leading to an 8.65% stock price increase the following day. Over the past year, FIBK shares have declined by 19.47%, indicating potential concern among long-term shareholders ahead of the earnings release.
January 29, 2024 | 3:02 pm
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First Interstate BancSys is anticipated to report an EPS of $0.61 for the upcoming quarter. A positive earnings surprise and guidance could boost the stock, as seen last quarter with an 8.65% rise post-earnings. However, with a 19.47% decline over the past year, investor sentiment may be cautious.
The short-term impact on FIBK's stock price is likely to be positive if the company beats the EPS estimate and provides strong guidance, similar to the previous quarter's positive reaction. However, the overall negative trend over the past year suggests that investor confidence may be tempered, and the stock's reaction could be more muted if results are in line with or below expectations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100