First Citizens BancShares (FCNCA) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Core Viewpoint - The market anticipates a year-over-year decline in earnings for First Citizens BancShares (FCNCA) due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - First Citizens is expected to report quarterly earnings of $44.21 per share, reflecting a -2% change year-over-year, with revenues projected at $2.21 billion, down 8% from the previous year [3]. - The consensus EPS estimate has been revised 0.36% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.07% for First Citizens, suggesting analysts have recently become more optimistic about the company's earnings prospects [12]. - The stock holds a Zacks Rank of 3, indicating a hold position, which suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, First Citizens exceeded the expected earnings of $41.51 per share by delivering $44.62, resulting in a surprise of +7.49% [13]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [14]. Industry Context - In the Zacks Banks - Southeast industry, Amerant Bancorp Inc. is expected to report earnings of $0.43 per share, indicating a -14% year-over-year change, with revenues projected at $106.51 million, down 4.3% [18]. - The consensus EPS estimate for Amerant Bancorp has been revised 6.8% lower in the last 30 days, with an Earnings ESP of 0.00%, making it challenging to predict a beat on the consensus EPS estimate [19].