Stocks To Watch Ahead Of Earnings: First Citizens Bancshares

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.

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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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