First Financial Bankshares (FFIN - Free Report) is a Zacks Rank #5 (Strong Sell) following an earnings miss. Estimates have fallen and the stock now has the lowest Zacks Rank. Let's explore why this is the case in the Bear Of The Day.
Description
First Financial Bankshares provides commercial banking products and services primarily in Texas. First Financial Bankshares, Inc. was founded in 1890 and is based in Abilene, Texas.
Recent Miss
After putting together a string of 5 consecutive beats of the Zacks Consensus Estimate, FFIN missed on its most recent earnings report. The company posted EPS of $0.43 but the consensus was calling for one penny more.
I cannot sit here an think that missing one of 6 quarters is really bad at all, especially since the one miss was just a penny. Let's look at the estimates.
Estimates
As I look at the detailed estimates page, I only see good news. The estimates are moving higher, and have been for the past 90 days.
Clearly, this stock dropped in Rank due to the miss, but could also be impacted by the fact that most other stocks also beat and did so by larger margins.
Chart
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Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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First Financial Bankshares (FFIN - Free Report) is a Zacks Rank #5 (Strong Sell) following an earnings miss. Estimates have fallen and the stock now has the lowest Zacks Rank. Let's explore why this is the case in the Bear Of The Day.
Description
First Financial Bankshares provides commercial banking products and services primarily in Texas. First Financial Bankshares, Inc. was founded in 1890 and is based in Abilene, Texas.
Recent Miss
After putting together a string of 5 consecutive beats of the Zacks Consensus Estimate, FFIN missed on its most recent earnings report. The company posted EPS of $0.43 but the consensus was calling for one penny more.
I cannot sit here an think that missing one of 6 quarters is really bad at all, especially since the one miss was just a penny. Let's look at the estimates.
Estimates
As I look at the detailed estimates page, I only see good news. The estimates are moving higher, and have been for the past 90 days.
Clearly, this stock dropped in Rank due to the miss, but could also be impacted by the fact that most other stocks also beat and did so by larger margins.
Chart
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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