First Commonwealth FinancialNYSE: FCF

PITTSBURGH--(BUSINESS WIRE)--FHLBank Pittsburgh announced the 2024 winners of its Diversity, Equity and Inclusion Membership Award and the Pillars of the Community Awards.

The demand for fossil fuels remains strong, giving a stable basis for elevated oil and gas prices. Viper Energy focuses on owning and acquiring mineral and royalty interest in oil and natural gas assets in the Permian Basin. It has a fantastic business model of low costs and elevated free cash flow and plans to distribute most of its cash to shareholders.

Revised FCF outlook shows a significant increase due to strong Q1 performance and expected growth in bookings in the second half of the year. The company now anticipates a 26% FCF margin in FY2024, one year earlier than planned, bringing them closer to reaching the Rule of 40 milestone this year. The start of the year has been strong, with total bookings of $457.3 million, up 10% year-over-year, driven by growth in Creative Subscriptions. Total revenue of $419.8 million exceeded expectations, up 12% year-over-year, driven by momentum in the Partners business. The company achieved a record FCF margin of 26% in the last quarter, thanks to strong top-line growth and a stable cost structure. GAAP operating income of $9.7 million in the quarter marks the second consecutive quarter of GAAP operating profit, with expectations for positive full-year GAAP operating income in 2024. The company expects growth in bookings in the second half of the year, driven by the expansion of their AI product suite and Studio. The 2024 bookings outlook has been increased, with expected growth accelerating to 16% year-over-year. The 2024 FCF margin outlook has also been increased to

INDIANA, Pa., April 02, 2024 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, April 24, 2024 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended March 31, 2024. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James R. Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Officer and Brian G. Karrip, Executive Vice President and Chief Credit Officer. First Commonwealth will issue a press release reporting its First Quarter 2024 financial results before the market opens on Tuesday, April 23, 2024.

First Commonwealth Financial Corporation (FCF) Q4 2023 Earnings Call Transcript

The headline numbers for First Commonwealth Financial (FCF) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

First Commonwealth Financial (FCF) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.39 per share a year ago.

First Commonwealth Financial (FCF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Commonwealth Financial (FCF) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.