First Citizens BancShares (FCNCA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Company Overview - First Citizens BancShares (FCNCA) is expected to report a year-over-year decline in earnings, with a projected EPS of $39.08, reflecting a decrease of 23.2% [3] - Revenues are anticipated to be $2.22 billion, down 9.6% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for July 25, and the stock may rise if results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised 1.36% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for First Citizens is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +1.90%, suggesting a likely earnings beat [12] - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook [12] Historical Performance - In the last reported quarter, First Citizens had an EPS expectation of $37.72 but delivered $37.79, resulting in a surprise of +0.19% [13] - Over the past four quarters, the company has beaten consensus EPS estimates three times [14] Industry Context - In the Zacks Banks - Southeast industry, Customers Bancorp (CUBI) is expected to post earnings of $1.5 per share, reflecting a year-over-year change of +0.7% [18] - Customers Bancorp's revenue is projected to be $198.92 million, up 0.1% from the previous year [18] - Despite a recent downward revision of 0.9% in the EPS estimate for Customers Bancorp, it holds a Zacks Rank of 1 (Strong Buy) [19]