Fulton Financial (FULT) to Announce Q4 Earnings on January 21, Expected EPS of $0.51
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement Schedule: Fulton Financial is set to release its Q4 2023 earnings report on January 21 after market close, with a consensus EPS estimate of $0.51, reflecting a 6.3% year-over-year increase, which could further solidify its robust performance in the financial sector.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $336.9 million, representing a 5.4% year-over-year growth, indicating that the company is maintaining a strong growth momentum in a competitive market, which is likely to boost investor confidence.
- Historical Performance: Over the past year, Fulton Financial has exceeded EPS estimates 100% of the time and revenue estimates 75% of the time, and this consistent performance is expected to attract more investor attention.
- Estimate Revisions: In the last three months, EPS estimates have seen two upward revisions with no downward adjustments, and revenue estimates have also experienced one upward revision, reflecting analysts' optimistic outlook on the company's future performance, which may further drive stock price appreciation.
Analyst Views on FULT
Wall Street analysts forecast FULT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FULT is 21.00 USD with a low forecast of 21.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 20.000
Low
21.00
Averages
21.00
High
21.00
Current: 20.000
Low
21.00
Averages
21.00
High
21.00
About FULT
Fulton Financial Corporation is a financial holding company. Through its banking subsidiary, Fulton Bank (the Bank), the Company delivers financial services primarily within its five-state market area, comprising Pennsylvania, Delaware, Maryland, New Jersey and Virginia, in a personalized, community-oriented style that emphasizes relationship banking. The Bank offers a diversified suite of consumer banking products and services in its market area. The Bank’s consumer banking products and services include various checking account and savings deposit products and certificates of deposit. The Bank provides commercial banking products and services primarily to small- and medium-sized businesses. The Bank’s commercial lending products include commercial real estate loans, commercial and industrial loans and others. It offers wealth management services, which include investment management, trust, brokerage, insurance and investment advisory services, to consumer and commercial customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
