Time New York: Thu 24 May 04:17 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Bear Of The Day: First Financial Bankshares (FFIN)

Zacks

First Financial Bankshares (FFIN) is a Zacks Rank #5 (Strong Sell) following an earnings miss. Estimates have fallen and the stock now has the lowest Zacks Rank. Let's explore why this is the case in the Bear Of The Day.

Description

First Financial Bankshares provides commercial banking products and services primarily in Texas. First Financial Bankshares, Inc. was founded in 1890 and is based in Abilene, Texas.

Recent Miss


After putting together a string of 5 consecutive beats of the Zacks Consensus Estimate, FFIN missed on its most recent earnings report. The company posted EPS of $0.43 but the consensus was calling for one penny more.

I cannot sit here an think that missing one of 6 quarters is really bad at all, especially since the one miss was just a penny. Let's look at the estimates.

Estimates

As I look at the detailed estimates page, I only see good news. The estimates are moving higher, and have been for the past 90 days.

Clearly, this stock dropped in Rank due to the miss, but could also be impacted by the fact that most other stocks also beat and did so by larger margins.

Chart

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.