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

First Commonwealth Financial

23/07/2024 23:38

* First Commonwealth Financial Corp  FCF.N  reported
quarterly
adjusted earnings of 36 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 42 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 33 cents to 37
cents per share.
    * Revenue fell 2.6% to $119.20 million from a year ago;
analysts
expected $118.43 million. 
    * First Commonwealth Financial Corp's reported EPS for the
quarter
was 36 cents​.
    * The company reported quarterly net income of $37.09
million.
    * First Commonwealth Financial Corp shares had risen
by 20.3% this
quarter and gained 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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 $16.00 
This summary was machine generated from LSEG data July 23 at
10:38 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
 Jan. 1 0001       0.35           0.36           Beat
 Mar. 31 2024                     0.37           
 Dec. 31 2023                     0.44           
 Sep. 30 2023      0.40           0.38           Missed