First BanCorp (FBP, Financial) is set to release its Q3 2024 earnings on Oct 23, 2024. The consensus estimate for Q3 2024 revenue is $206.98 million, and the earnings are expected to come in at $0.41 per share. The full year 2024's revenue is expected to be $819.6 million and the earnings are expected to be $1.74 per share. More detailed estimate data can be found on the Forecast page.
First BanCorp (FBP, Financial) Estimates Trends
Over the past 90 days, revenue estimates for First BanCorp (FBP) for the full year 2024 have increased from $818.05 million to $819.6 million, and for 2025, estimates rose from $866.33 million to $879.23 million. Earnings estimates for 2024 have also been revised upward from $1.70 per share to $1.74 per share, and for 2025, from $1.85 per share to $1.87 per share.
First BanCorp (FBP, Financial) Reported History
In the previous quarter of June 30, 2024, First BanCorp's (FBP) actual revenue was $199.63 million, which missed analysts' revenue expectations of $202.32 million by -1.33%. First BanCorp's (FBP) actual earnings were $0.46 per share, which beat analysts' earnings expectations of $0.408 per share by 12.75%. After releasing the results, First BanCorp (FBP) was up by 3.27% in one day.
First BanCorp (FBP, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 6 analysts, the average target price for First BanCorp (FBP) is $23.50 with a high estimate of $25 and a low estimate of $22. The average target implies an upside of 16.8% from the current price of $20.12.
Based on GuruFocus estimates, the estimated GF Value for First BanCorp (FBP, Financial) in one year is $17.71, suggesting a downside of -11.98% from the current price of $20.12.
Based on the consensus recommendation from 6 brokerage firms, First BanCorp's (FBP, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
