First Commonwealth Earnings Preview

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While First Commonwealth (NYS: FCF) missed estimates last quarter, investors hope that it will bounce back and outpace Wall Street expectations this quarter. The company will unveil its latest earnings on Tuesday, April 24. First Commonwealth Financial Corporation provides a range of loan, deposit, trust, insurance, and personal financial planning services mainly to individuals and small to middle market businesses in fifteen counties in Central and Western Pennsylvania.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on First Commonwealth, with six out of eight analysts rating it hold. Analysts like First Commonwealth better than competitor S&T Bancorp overall. One out of six analysts rate S&T Bancorp a buy compared to two out of eight for First Commonwealth.
  • Revenue forecasts: On average, analysts predict $62.5 million in revenue this quarter. That would represent a rise of 0.5% from the year-ago quarter.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.09 per share. Estimates range from $0.07 to $0.10.

What our community says:
The majority of CAPS All-Stars consider FCF a good bet, as 66.7% award it an outperform rating. The majority of the Fools are in agreement with the All-Stars, as 82% give it an outperform rating. First Commonwealth has a bullish CAPS rating of four out of five stars that is about on par with the Fool community assessment.


Management:
Revenue has fallen for the past three quarters.

Now, a look at how efficient management has been at running the business. Margins are a representation of how efficiently a company captures portions of sales dollars. First Commonwealth's net margins, which reflect what percentage of revenue becomes profit, have dropped year-over-year for the last three quarters. See how First Commonwealth has been doing for the last four quarters:

Quarter

Q4

Q3

Q2

Q1

Net Margin

(7.9%)

12.2%

9.9%

7.1%

For all our First Commonwealth-specific analysis, including earnings and beyond, add First Commonwealth to My Watchlist.

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Earnings estimates provided by Zacks.

At the time this article was published

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