First Interstate Bancsystem Inc expected to post earnings of 55 cents a share - Earnings Preview

First Interstate BancSystem

23/07/2024 21:10

* First Interstate Bancsystem Inc  FIBK.OQ   FIBK.O  is
expected
to show a fall in quarterly revenue when it reports  results on
July 25 for the period ending June 30 2024
    * The Billings Montana-based  company is expected to report
a
6.3% decrease in revenue to $246.058 million from $262.5 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. (SAL represents Total / Operating Revenue.)
    * ​LSEG's mean analyst estimate for First Interstate
Bancsystem
Inc is for earnings of 55 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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
Interstate
Bancsystem Inc is $29.00​, below​ its last closing price
of $31.57. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.50        0.50       0.57      Beat    14.3
 Dec. 31 2024  0.61        0.61       0.59      Missed  -2.7
 Jan. 1 0001   0.61        0.62       0.70      Beat    13.4​
 Jan. 1 0001   0.67        0.68       0.65      Missed  -3.7
 ​​Mar.        0.79        0.80       0.54      Missed  -32.5
 31 2023                                                
 Dec. 31 2022  1.01        1.03       0.82      Missed  -20.1​
 Sep. 30 2022  0.89        0.90       0.80      Missed  -11.4
 Jun. 30 2022  0.69        0.70       0.59      Missed  -16.1
 This summary was machine generated July 23 at 20:10 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)