First Commonwealth Financial Corp reports results for the quarter ended in December - Earnings Summary

First Commonwealth Financial

30/01/2024 23:42

* First Commonwealth Financial Corp  FCF.N  reported
quarterly
adjusted earnings of 44 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 39 cents per
share. Wall Street expected results to range from 38 cents to 40
cents per share.
    * Revenue rose 6.9% to $120.03 million from a year ago;
analysts
expected $123.59 million. 
    * First Commonwealth Financial Corp's reported EPS for the
quarter
was 44 cents​.
    * The company reported quarterly net income of $44.83
million.
    * First Commonwealth Financial Corp shares had fallen
by 2.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First
Commonwealth Financial Corp is $16.25 
This summary was machine generated from LSEG data January 30 at
11:41 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.39           0.44           Beat
 Sep. 30 2023      0.40           0.38           Missed
 Jun. 30 2023      0.41           0.42           Beat
 Mar. 31 2023      0.39           0.30           Missed