First Bancorp expected to post earnings of 36 cents a share - Earnings Preview

First Bancorp

22/01/2024 14:00

* First Bancorp  FBP.N   FBP  is expected to show a rise in
quarterly revenue when it reports  results on January 24 for the
period ending December 31 2023
    * The San Juan Puerto Rico-based   company is expected to
report a
0.3% increase in revenue to $206.107 million from $205.57
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on NII)
    * ​LSEG's mean analyst estimate for First Bancorp is for
earnings
of 36 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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
$18.50​, above​ its last closing price of $15.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  0.35        0.35       0.39      Beat    10.4​
 Dec. 31 2022  0.40        0.40       0.40      Met     0.9
 ​​Sep.        0.39        0.39       0.40      Beat    1.7
 30 2022                                                
 Jun. 30 2022  0.35        0.35       0.38      Beat    9.2​
 Mar. 31 2022  0.35        0.34       0.41      Beat    19.7
 Dec. 31 2021  0.32        0.32       0.36      Beat    12.5
 This summary was machine generated January 22 at 14:00 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)