First Commonwealth Financial (FCF) Q4 Earnings and Revenues Lag Estimates

Core Insights - First Commonwealth Financial (FCF) reported quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.44 per share a year ago, representing an earnings surprise of -2.78% [1] - The company posted revenues of $120.42 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.21%, but up from $120.03 million year-over-year [2] - The stock has underperformed the market, losing about 0.9% since the beginning of the year compared to the S&P 500's gain of 2.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $119.7 million, and for the current fiscal year, it is $1.43 on revenues of $491.78 million [7] - The estimate revisions trend for First Commonwealth Financial is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Northeast industry, to which First Commonwealth Financial belongs, is currently in the top 9% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]