Earnings Estimates Rising for First Community (FCCO): Will It Gain?

Core Viewpoint - First Community (FCCO) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions reflects growing analyst optimism regarding First Community's earnings prospects, which is expected to positively impact its stock price [2]. - The Zacks Rank system indicates strong agreement among analysts in raising earnings estimates, leading to a considerable increase in consensus estimates for both the current quarter and the full year [3]. Current-Quarter Estimates - For the current quarter, First Community is expected to earn $0.47 per share, representing a year-over-year increase of +38.24$2.28 per share, reflecting a change of +25.97% from the previous year [5]. - The consensus estimate for the current year has increased by 9.64%, with two estimates moving higher and no negative revisions [5]. Zacks Rank - First Community has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance [6]. - Research shows that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500 [6]. Investment Outlook - The strong estimate revisions have led to a 13.9% increase in First Community's stock price over the past four weeks, suggesting further upside potential [7].