Why FB Financial (FBK) Is Poised To Beat Earnings Estimates (Again)
Zacks Investment Research | Jan 14, 2018 08:47PM ET
Looking for a stock that might be in a good position to beat earnings at its next report? Consider FB Financial Corporation (NYSE:FBK) , a firm in the Banks – Northeast industry, which could be a great candidate for another beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, FBK has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, FBK expected to post 43 cents per share, while it actually produced 49 cents per share, a beat of 13.9%. Meanwhile, for the most recent quarter, the company looked to deliver 47 cents per share, when it actually saw earnings of 60 cents per share instead, representing a 27.7% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for FB Financial. In fact, the Zacks Investment Research
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