Earnings Preview: First BanCorp

First BanCorp FBP is set to give its latest quarterly earnings report on Tuesday, 2022-10-25. Here's what investors need to know before the announcement.

Analysts estimate that First BanCorp will report an earnings per share (EPS) of $0.39.

First BanCorp bulls will hope to hear the company to 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).

Historical Earnings Performance

Last quarter the company beat EPS by $0.03, which was followed by a 0.0% drop in the share price the next day.

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

Stock Performance

Shares of First BanCorp were trading at $15.53 as of October 21. Over the last 52-week period, shares are up 7.93%. 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.