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Unveiling First BanCorp (FBP) Q3 Outlook: Wall Street Estimates for Key Metrics
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Analysts on Wall Street project that First BanCorp (FBP - Free Report) will announce quarterly earnings of $0.58 per share in its forthcoming report, representing an increase of 13.7% year over year. Revenues are projected to reach $270.24 million, increasing 8.7% from the same quarter last year.
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 announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific First BanCorp metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Efficiency ratio' should come in at 47.1%. The estimate is in contrast to the year-ago figure of 50.2%.
It is projected by analysts that the 'Net Interest Margin' will reach 5.0%. Compared to the current estimate, the company reported 4.6% in the same quarter of the previous year.
The average prediction of analysts places 'Total Interest-Earning Assets - Average Balance' at $19.15 billion. Compared to the current estimate, the company reported $18.91 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Card and processing income' should arrive at $11.86 million. Compared to the present estimate, the company reported $11.68 million in the same quarter last year.
Analysts expect 'Net interest income on a tax-equivalent basis and excluding valuations' to come in at $247.02 million. Compared to the current estimate, the company reported $226.16 million in the same quarter of the previous year.
The consensus estimate for 'Service charges and fees on deposit accounts' stands at $9.84 million. The estimate is in contrast to the year-ago figure of $9.81 million.
Analysts predict that the 'Total non-interest income' will reach $33.15 million. The estimate is in contrast to the year-ago figure of $30.79 million.
Analysts forecast 'Mortgage banking activities' to reach $3.63 million. The estimate compares to the year-ago value of $3.31 million.
Shares of First BanCorp have demonstrated returns of -0.8% over the past month compared to the Zacks S&P 500 composite's +1.5% change. With a Zacks Rank #3 (Hold), FBP is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unveiling First BanCorp (FBP) Q3 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that First BanCorp (FBP - Free Report) will announce quarterly earnings of $0.58 per share in its forthcoming report, representing an increase of 13.7% year over year. Revenues are projected to reach $270.24 million, increasing 8.7% from the same quarter last year.
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 announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific First BanCorp metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Efficiency ratio' should come in at 47.1%. The estimate is in contrast to the year-ago figure of 50.2%.
It is projected by analysts that the 'Net Interest Margin' will reach 5.0%. Compared to the current estimate, the company reported 4.6% in the same quarter of the previous year.
The average prediction of analysts places 'Total Interest-Earning Assets - Average Balance' at $19.15 billion. Compared to the current estimate, the company reported $18.91 billion in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Card and processing income' should arrive at $11.86 million. Compared to the present estimate, the company reported $11.68 million in the same quarter last year.
Analysts expect 'Net interest income on a tax-equivalent basis and excluding valuations' to come in at $247.02 million. Compared to the current estimate, the company reported $226.16 million in the same quarter of the previous year.
The consensus estimate for 'Service charges and fees on deposit accounts' stands at $9.84 million. The estimate is in contrast to the year-ago figure of $9.81 million.
Analysts predict that the 'Total non-interest income' will reach $33.15 million. The estimate is in contrast to the year-ago figure of $30.79 million.
Analysts forecast 'Mortgage banking activities' to reach $3.63 million. The estimate compares to the year-ago value of $3.31 million.
View all Key Company Metrics for First BanCorp here>>>Shares of First BanCorp have demonstrated returns of -0.8% over the past month compared to the Zacks S&P 500 composite's +1.5% change. With a Zacks Rank #3 (Hold), FBP is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .