First Community Corp (NASDAQ: FCCO) has reported earnings for its third fiscal quarter (ending September 30) of $0.51 versus $0.23 for the same period a year ago — an increase of 122%. This result exceeded the consensus estimate of $0.44 by $0.07. E.P.S. were $1.71 for the latest four quarters through September 30 versus $1.67 for the same period a year ago — an increase of 2%.
Recent Price Action
First Community Corp (NASDAQ: FCCO) stock enjoyed a very large increase of 8.4% on 10/16/24. The shares closed at $23.16. Moreover, this advance was accompanied by exceptionally high trading volume at 285% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.4% during the last week.
Current PriceTarget Research Rating
FCCO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
First Community has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. First Community has a slightly positive Appreciation Score of 64 and a very high Power Rating of 93, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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