First BanCorp's Earnings: A Preview

First BanCorp FBP is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect First BanCorp to report an earnings per share (EPS) of $0.41.

First BanCorp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings History Snapshot

During the last quarter, the company reported an EPS beat by $0.05, leading to a 1.84% drop in the share price on the subsequent day.

Here's a look at First BanCorp's past performance and the resulting price change:

Performance of First BanCorp Shares

Shares of First BanCorp were trading at $20.12 as of October 21. Over the last 52-week period, shares are up 56.83%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for First BanCorp visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.