Analysts Estimate First Interstate BancSystem (FIBK) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - The market anticipates a year-over-year decline in earnings for First Interstate BancSystem (FIBK) due to lower revenues, with a consensus EPS estimate of $0.49, reflecting a -26.9$247.2 million, which is a 2% decrease from the same quarter last year [3]. - The stock price may increase if actual earnings exceed expectations, while a miss could lead to a decline [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [4]. - The Most Accurate Estimate for FIBK is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -12.25%, suggesting a bearish sentiment among analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but it is more reliable for positive readings [7]. - A positive Earnings ESP combined with a strong Zacks Rank increases the likelihood of an earnings beat, but FIBK's current combination makes it challenging to predict a beat [8][11]. Historical Performance - In the last reported quarter, FIBK was expected to earn $0.60 per share but only achieved$0.54, resulting in a -10% surprise [12]. - Over the past four quarters, FIBK has beaten consensus EPS estimates three times [13]. Industry Comparison - UMB Financial, a peer in the Zacks Banks - Midwest industry, is expected to post earnings of $2.30 per share, reflecting a +0.4$414.06 million, up 9.7% [17]. - UMB's consensus EPS estimate has been revised 0.4% higher, but it also has a negative Earnings ESP of -2.47%, making predictions about beating the consensus EPS challenging [18].