Earnings Preview: First Citizens BancShares

First Citizens BancShares FCNCA is set to give its latest quarterly earnings report on Thursday, 2023-01-26. Here's what investors need to know before the announcement.

Analysts estimate that First Citizens BancShares will report an earnings per share (EPS) of $21.77.

First Citizens BancShares 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 beat EPS by $3.32, which was followed by a 2.2% increase in the share price the next day.

Here's a look at First Citizens BancShares's past performance and the resulting price change: