First Commonwealth Financial Cor (NYSE: FCF) has reported earnings for its second fiscal quarter (ending June 30) of $0.36 versus $0.42 for the same period a year ago — a decline of -14%. However, this result exceeded the consensus estimate of $0.35 by $0.01. For the latest four quarters through June 30, E.P.S. were $1.55 compared to $1.46 a year ago — an increase of 6%.
Recent Price Action
First Commonwealth Financial Cor (NYSE: FCF) stock closed at $16.79 on 7/23/24 after an increase of 1.0%. Moreover, trading volume in this advance was above average at 137% of normal. The stock has risen 7.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
FCF’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
First Commonwealth Financial Cor has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. First Commonwealth Financial Cor has a good Appreciation Score of 75 but a slightly negative Power Rating of 37, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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