Back to top
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Stay Ahead of the Game With First Community (FCCO) Q1 Earnings: Wall Street's Insights on Key Metrics
Wall Street analysts forecast that First Community (FCCO) will report quarterly earnings of $0.34 per share in its upcoming release, pointing to a year-over-year decline of 24.4%. It is anticipated that revenues will amount to $14.83 million, exhibiting a decline of 0.7% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific First Community metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Efficiency Ratio' at 75.3%. The estimate compares to the year-ago value of 69.4%.
According to the collective judgment of analysts, 'Net Interest Margin' should come in at 2.9%. Compared to the current estimate, the company reported 3.2% in the same quarter of the previous year.
The consensus among analysts is that 'Total Interest-Earning Assets - Average Balance' will reach $1.71 billion. Compared to the current estimate, the company reported $1.58 billion in the same quarter of the previous year.
View all Key Company Metrics for First Community here>>>
Over the past month, shares of First Community have returned -3.7% versus the Zacks S&P 500 composite's -0.9% change. Currently, FCCO carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>