Financial

First Financial Bancorp’s Earnings Outlook

First Financial Bancorp FFBC is set to give its latest quarterly earnings report on Thursday, 2022-04-21. Here’s what investors need to know before the announcement.

Analysts estimate that First Financial Bancorp will report an earnings per share (EPS) of $0.45.

First Financial Bancorp bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.02, which was followed by a 0.28% increase in the share price the next day.

Here’s a look at First Financial Bancorp’s past performance and the resulting price change:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.56 0.52 0.52 0.48
EPS Actual 0.58 0.63 0.58 0.50
Price Change % 0.28% 2.54% 3.04% 5.6%

eps graph

Stock Performance

Shares of First Financial Bancorp were trading at $22.62 as of April 19. Over the last 52-week period, shares are down 2.56%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for First Financial Bancorp visit their earnings calendar on our site. to use Benzinga Earnings Calendar.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Source: https://www.benzinga.com/news/earnings/22/04/26722609/first-financial-bancorps-earnings-outlook

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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