First BanCorp expected to post earnings of 41 cents a share - Earnings Preview

First Bancorp

19/07/2024 14:21

* First BanCorp  FBP.N   FBP  is expected to show a rise in
quarterly revenue when it reports  results on July 23 for the
period ending June 30 2024
    * The San Juan Puerto Rico-based   company is expected to
report a
0.8% increase in revenue to $201.414 million from $199.82
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on NII)
    * ​LSEG's mean analyst estimate for First BanCorp is for
earnings
of 41 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for First
BanCorp is
$21.00​, above​ its last closing price of $20.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.37        0.37       0.44      Beat    17.4
 Dec. 31 0001  0.35        0.36       0.49      Beat    34.3
 Sep. 30 2023  0.38        0.38       0.46      Beat    20.8​
 Jun. 30 2023  0.35        0.35       0.38      Beat    8.5
 ​​Mar.        0.35        0.35       0.39      Beat    10.4
 31 2023                                                
 Jan. 1 0001   0.40        0.40       0.40      Met     0.9​
 Jan. 1 0001   0.39        0.39       0.40      Beat    1.7
 Jun. 30 2022  0.35        0.35       0.38      Beat    9.2
 This summary was machine generated July 19 at 13:20 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)