First Community Corporation Second Quarter Earnings Sneak Peek

First Community Corporation (NASDAQ:FCCO) will unveil its latest earnings on Monday, July 18, 2011. First Community Corporation offers a range of traditional banking products and services for professionals and small-to medium-sized businesses, including consumer and commercial, mortgage, brokerage and investment, and insurance services.

First Community Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 8 cents per share, a decline of 20% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 40 cents per share, a rise of 11.1% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported profit of 12 cents per share versus a mean estimate of net income of 6 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 3 cents.

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Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 3.1% to $7.9 million in first quarter. The figure fell 11.8% in the fourth quarter of the last fiscal year from the year earlier, dropped 9.6% in third quarter of the last fiscal year from the year-ago quarter and 13.4% in the second quarter of the last fiscal year.

Competitors to Watch: Community Capital Corp. (NASDAQ:CPBK), Tidelands Bancshares Inc. (NASDAQ:TDBK), Southern First Bancshares, Inc. (NASDAQ:SFST), Southcoast Financial Corp. (NASDAQ:SOCB), SCBT Financial Corporation (NASDAQ:SCBT), Bank of SC Corporation (NASDAQ:BKSC), Provident Community Bancshares Inc. (NASDAQ:PCBS), and The Savannah Bancorp, Inc. (NASDAQ:SAVB).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had risen 30 cents (4.6%) from $6.46 to $6.76. Shares have been on an upward streak of late, closing up every day between July 8, 2011 and July 12, 2011. It saw one of its worst periods between March 17, 2011, and March 23, 2011, when shares fell for five-straight days, falling 5.3% (-35 cents) over that span. Shares are up $1.05 (+18.4%) year to date.

(Source: Xignite Financials)

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