Forward-looking statements speak only as of the date on which they are made. First Commonwealth undertakes no obligation to update any forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. 2Q 2024 Earnings Release Webcast Presentation | --- | --- | --- | |--------------------------------------------|-------|-------------------------------------------------------------------------------------------------------------------------------- ...

First Commonwealth Financial (FCF) reported $120.2 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.8%. EPS of $0.36 for the same period compares to $0.42 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Here is how First ...

First Commonwealth Announces Second Quarter 2024 Earnings; Declares Quarterly Dividend (2) • Net interest income (FTE) of $95.3 million increased $2.7 million from the previous quarter but decreased $2.8 million from the second quarter of 2023 Financial Summary | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------|-------|-----------------|-------|-----------------------------------------------|-------|------------------ ...

H i # P Investment Thesis Having been bearish on Teladoc stock for some time, I now no longer believe it makes sense to sustain this bearish outlook. Even as I recognize that Teladoc today operates as a shadow of its former self, I nevertheless contend that this insight has already been priced into its stock. At approximately 5x next year's free cash flow, there is a better risk-reward than there's been in quite some time. Therefore, I now change my mind and upgrade my rating from a sell to a neutral stance ...

Cliff LeSergent/iStock via Getty Images I have been following Hemisphere Energy (TSXV:HME:CA) (OTCQX:HMENF) for several years now, and I am pleased to see the total return in the past 2.5 years was 68% which handsomely beats the total return of around 25% for the S&P 500 in the same time frame. This small oil producer continues to perform well and thanks to its robust balance sheet, it is able to use the vast majority of its cash flows to pay dividends and special dividends, which represent an important por ...

Conference Call Information Where: www.fcbanking.com/investorrelations To Ask Questions The First Commonwealth Financial Corporation Second Quarter 2024 earnings press release can be accessed after it is published on Tuesday, July 23, 2024 at www.fcbanking.com/investorrelations. Click on "News," which can be found under the "News & Market Data" section. Media Relations INDIANA, Pa., July 12, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a con ...

What: First Commonwealth Financial Corporation Second Quarter 2024 Earnings Conference Call INDIANA, Pa., July 12, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE:FCF) announced today that it will host a conference call on Wednesday, July 24, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended June 30, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President an ...

Introduction It's time to discuss Viper Energy (NASDAQ:VNOM), a company I consider one of the best ways to buy elevated income and capital gains. On May 19, I wrote an article titled Paradigm Shift! 4 Of My Favorite Dividend Stocks To Buy Right Now," which was based on a follower request and included some of my favorite dividend stocks with favorable valuations - including VNOM. That said, I have never written an in-depth article on Viper Energy, which means it's time to change that. After all, I consider V ...

Record increase to FCF outlook driven by Q1 outperformance and expected 2H bookings acceleration – now anticipating 26% FCF margin in FY2024, one year ahead of plan and within clear sight of hitting Rule of 40 milestone already this year NEW YORK, May 20, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally2, today reported financial results for the first quarter of 2024. In addition, the Company provided its outlook for the second quarter and an increased outl ...

Investment Thesis - Powell Industries (NASDAQ: POWL) has shown strong growth recently, but investor skepticism remains regarding the sustainability of this growth, leading to a reluctance to pay a fair premium for the stock [1] - Despite concerns, the current pricing at 13x forward free cash flow is considered an attractive risk-reward opportunity [1] Revenue Growth and Performance - The company is estimated to achieve a 25% compound annual growth rate (CAGR) in revenues, with a conservative valuation of 9x forward free cash flow indicating it is undervalued [2][10] - Powell Industries has outperformed the S&P 500 slightly since the previous analysis, although the stock has experienced volatility [2] - Recent quarterly results indicate strong revenue growth, particularly in the oil and gas and petrochemical sectors, despite a stagnant backlog of $1.3 billion since September 2023 [5][12] Operational Insights - Powell operates in electrical automation and control, providing custom-engineered solutions for various industries [5] - The company has a balanced mix of small- and medium-sized projects, which supports its growth and reflects its core competencies [6] - Expansion initiatives, including the completion of a facility expansion in Houston, highlight Powell's commitment to future growth [6] Challenges and Market Conditions - Powell faces challenges related to macroeconomic uncertainties, particularly in the LNG market, which may delay new project activities [7] - Limitations on gross margin expansion are noted as the company approaches full capacity utilization, which could impact stock performance [8] Financial Health and Valuation - Powell Industries maintains a strong balance sheet, with nearly 20% of its market cap in cash and no debt, providing flexibility for significant investments [16] - The company is projected to generate approximately $150 million in free cash flow over the next twelve months, leading to a valuation of 13x forward free cash flow, which is considered compelling given the expected revenue growth [16][17] Conclusion - Despite prevailing doubts about growth sustainability, Powell Industries is viewed as an attractive investment opportunity due to its robust revenue growth, strong balance sheet, and consistent free cash flow generation [18][19]