Earnings Reaction History: First Bancorp (NYSE:FBP) has a 57.14% chance to rise

First Bancorp (NYSE:FBP) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 26, 2017. The stock lost about -13.7 percent in price since last results when it was at $6.88 a share. Based on the most relevant past-periods data, there is an 57.14 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 2 times.

Here’s how traders responded to FBP earnings announcements over the past few quarters.

First Bancorp (FBP) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 17.43 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.11 which beat the consensus $0.09 projection (positive surprise of22.22%. For the quarter, revenue came in at 121.43M versus consensus estimate of 118.97M. The stock gained 0.44 percent the session following the earnings reports were released, and on 7th day price change was 0 percent.

On October 25, 2016, it reported earnings at $0.11 a share compared with the consensus estimate of $0.1 per share (positive surprise of 10%). Revenue of 118.18M for that quarter was below the $122.39M analysts had expected. The stock climbed 2.45% the day following the earnings announcement, and on 7th day price change was -3.21%.

On July 26, 2016, it recorded $0.1 a share in earnings which missed the consensus estimate of $0.1 (negative surprise of 0%). Revenue for the quarter was $120.23M while analysts called for revenues to be $126.71M. The stock gained 1.93% the day following the earnings data was made public, and on 7th day price change was -2.58%.

On April 25, 2016, it announced earnings per share at $0.11 versus the consensus estimate of $0.08 per share (positive surprise of 37.5%). That came on revenues of $124.65M for that period. Analysts had expected $127.1M in revenue.

First Bancorp Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.1. The analysts’ present consensus range is $0.09-$0.1 for EPS. The market consensus range for revenue is between $116.71M and $118.8M, with an average of $117.89M.

First Bancorp (NYSE:FBP) last ended at $5.97, sending the company’s market cap near $1.3B. The consensus 12-month price target from analysts covering the stock is $7.58. The share price has declined -15.32% from its top level in 52 weeks and advanced -9.68% this year. It recently traded in a range of $5.91-$6.04 at a volume of 1146314 shares. The recent trading ended with the price nearly -3.24 lower for the last 5 trading days, rebounding 136.9% from its 52-week low.


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