Core Viewpoint - First Bancorp (FBP) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1]. Earnings Performance - First Bancorp has a track record of surpassing earnings estimates, with an average surprise of 10.75% over the last two quarters [2]. - In the most recent quarter, the company reported earnings of $0.43 per share against an expectation of $0.47, resulting in a surprise of 9.30%. In the previous quarter, it reported $0.46 per share compared to a consensus estimate of $0.41, achieving a surprise of 12.20% [3]. Earnings Estimates and Predictions - Recent estimates for First Bancorp have been trending upward, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [6]. - The current Earnings ESP for First Bancorp is +3.60%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [9]. Zacks Rank and Success Rate - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that First Bancorp has a high probability of beating consensus estimates, with historical data indicating that nearly 70% of stocks with this combination achieve positive surprises [7][9].
Why First Bancorp (FBP) is Poised to Beat Earnings Estimates Again