First Commonwealth Financial Corporation (NYSE:FCF) is scheduled to report Q3 earnings results after markets close for trading on October 27, 2020.
The company is expected to report earnings of $0.24/share on revenue of $92.375 million. The consensus earnings per share (EPS) of $0.24/share is based on a poll of 7 analysts and represents a decline in eps of −21.4% over the same quarter last year, when the company reported earnings of $0.30/share.
The revenue forecast of $92.375 million based on a poll of 5 analysts implies a year-over-year (YoY) growth in revenue of 1.5%. Last year the company reported $91.054 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 3 out of the last 8 tracked quarters, missed 4 quarters, and met expectations 1 quarters.
What are your expectations from First Commonwealth Financial Corporation for earnings this quarter? Let us know in the comments!
In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 6.3%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
|July 28, 2020||$7.77||$8.26||6.3%||Increase|
|April 28, 2020||$9.38||$9.82||4.7%||Increase|
|January 28, 2020||$13.82||$13.48||−2.5%||Decline|
|October 29, 2019||$13.95||$14.55||4.3%||Increase|
Fundamentals And Technical Analysis
First Commonwealth Financial Corporation is currently trading at $8.64/share, up 1.8% for the day. The company is trading at approximately 57.9% of its 52-week high of $14.93/share. The company’s stock price is up 4.6% since the last earnings report and up 3.8% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 56.17 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 10.32 and a forward P/E multiple of 10.72.
First Commonwealth Financial Corporation’s current share price also implies a price-to-book (P/B) multiple of 0.79. The following table summarizes some other key fundamental ratios:
|Last Reported Fiscal Period Key||FY2020.Q2|
|Period End Date||June 30, 2020|
|Stock Price (Current)||$8.64|
|P/E Ratio (Fwd)||10.7x|
|Total Debt / Total Capital||35.7%|
|Levered Free Cash Flow||$114.8 million|
|Price To Sales||2.7x|
First Commonwealth Financial Corporation is a small-cap stock with a market capitalization of $846.4 million. The company operates in the Financials sector and the Banks industry.
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings and health savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services. The company’s commercial banking services comprise commercial lending, business checking accounts, online account management services, payroll direct deposits, commercial cash management services, and repurchase agreements, as well as ACH origination services. It also offers various trust and asset management services; auto, home, and business insurance, as well as term life insurance; and annuities, mutual funds, and stock and bond brokerage services through a broker-dealer and insurance brokers. As of December 31, 2019, the company operated 147 community banking offices in western and central Pennsylvania, as well as northeastern, central, and southwestern Ohio. It also leases 3 mortgage loan production offices and 4 corporate loan production offices, as well as operates a network of 163 automated teller machines. First Commonwealth Financial Corporation was founded in 1934 and is headquartered in Indiana, Pennsylvania.