Earnings Preview For First Interstate BancSys

First Interstate BancSys FIBK is set to give its latest quarterly earnings report on Wednesday, 2023-04-26. Here's what investors need to know before the announcement.

Analysts estimate that First Interstate BancSys will report an earnings per share (EPS) of $0.80.

First Interstate BancSys bulls will hope to hear the company 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 missed EPS by $0.21, which was followed by a 10.85% drop in the share price the next day.

Here's a look at First Interstate BancSys's past performance and the resulting price change:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.03 0.9 0.63 -0.31
EPS Actual 0.82 0.8 0.59 -0.36
Price Change % -10.85% 4.27% 0.72% -1.51%

eps graph

Stock Performance

Shares of First Interstate BancSys were trading at $27.59 as of April 24. Over the last 52-week period, shares are down 18.99%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for First Interstate BancSys visit their earnings calendar on our site.

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

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Posted In: EarningsBZI-EP
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