FirstCity Financial Corporation Stock Upgraded (FCFC)
- Powered by its strong earnings growth of 122.22% and other important driving factors, this stock has surged by 44.25% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, FCFC should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- FIRSTCITY FINANCIAL CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, FIRSTCITY FINANCIAL CORP increased its bottom line by earning $2.33 versus $0.84 in the prior year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Capital Markets industry. The net income increased by 124.6% when compared to the same quarter one year prior, rising from $3.73 million to $8.37 million.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to the other companies in the Capital Markets industry and the overall market, FIRSTCITY FINANCIAL CORP's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
-- Written by a member of TheStreet RatingsStaff
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