Key Highlights:
- Flagstar Financial (FLG, Financial) reports a non-GAAP EPS of -$0.23, surpassing forecasts by $0.05.
- Revenue declines by 22.6% year-over-year, missing estimates by $19.58 million.
- Analysts provide a "Hold" recommendation with an average price target of $12.38.
Flagstar Financial (FLG) has recently unveiled its first-quarter financial results, presenting a mixed bag for investors. The company reported a non-GAAP EPS of -$0.23, narrowly beating market expectations by $0.05. However, revenue experienced a significant downturn of 22.6% compared to the previous year, registering at $490 million. This figure unfortunately fell short of projections by $19.58 million. On a positive note, the Common Equity Tier 1 (CET1) capital ratio showed improvement, climbing to 11.9%.
Wall Street Analysts' Insights
According to insights from 14 analysts, the one-year price target for Flagstar Financial Inc (FLG, Financial) averages at $12.38, with price predictions ranging between a high of $14.00 and a low of $10.50. The average target suggests a potential upside of 9.80% from the current stock price of $11.27. For more nuanced estimate data, please visit the Flagstar Financial Inc (FLG) Forecast page.
In terms of stock recommendations, 16 brokerage firms collectively rate Flagstar Financial Inc (FLG, Financial) with an average recommendation of 2.8, indicative of a "Hold" position. This rating is based on a scale where 1 signifies a Strong Buy, while 5 denotes a Sell.
Valuation Perspectives Through GF Value
The GF Value estimation for Flagstar Financial Inc (FLG, Financial) stands at $15.79 for the upcoming year, suggesting a potential upside of 40.11% from the present price of $11.27. This GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, prior business growth, and projected future performance. A comprehensive overview is available on the Flagstar Financial Inc (FLG) Summary page.
