Alert: New Earnings Report (7/17/24)-First Community Corp (NASDAQ: FCCO).

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First Community Corp (NASDAQ: FCCO) has reported E.P.S. of $0.43 for its second fiscal quarter (ending June 30) versus $0.44 for the same period a year ago — a decline of -2%. Relative to the consensus estimate of $0.36, this was a premium of $0.07. For the latest four quarters through June 30, E.P.S. were $1.43 compared to $1.96 a year ago — a decline of -27%.

Recent Price Action

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First Community Corp (NASDAQ: FCCO) stock closed at $20.37 on 7/17/24 after a large increase of 3.9%. However, exceptionally low trading volume at 46% of normal accompanied the advance. The stock has risen 24.5% during the last week but has been weak relative to the market over the last nine months.

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 C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First Community has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 41, leading to 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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