If you’re trying to build your earnings season watch list by looking for stocks setting up in a base ahead of their next quarterly report, here’s one that fits the bill: First Citizens Bancshares (FCNCA). It’s expected to release its latest numbers around Apr. 28 and is trading approximately 2% under an 887.70 entry. The entry is based on a second-stage flat base.
Understand that buying a stock just ahead of earnings involves risk since you typically don’t have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
First Citizens Bancshares saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 24% to 42%. Revenue rose from 7% to 10%.
Consensus analyst estimates call for earnings-per-share growth of 121% for the quarter, and 1% growth for the full year. Earnings-per-share estimates for the full year were recently revised higher.
First Citizens Bancshares has a 98 Composite Rating and holds the No. 5 rank among its peers in the Banks-Southeast industry group. Blue Ridge Bankshares (BRBS) is the top-ranked stock within the group.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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