The First of Long Island Corporation (NASDAQ:FLIC) is expected to deliver a solid 29.47% in earnings growth per share over the next three years. At a current EPS of $1.413, this growth rate means shareholders can expect an impending EPS of $1.829. To assess the reasonability of FLIC’s earnings growth per share, we should look at its most recent growth rate delivered. See our latest analysis for FLIC
Exciting times ahead?
FLIC is covered by 3 analysts who by consensus are expecting positive earnings, estimated to rise from current levels of $1.413 to $1.829 in a few years. This illustrates a relatively optimistic outlook in the near term, with a relatively solid earnings per share growth rate of 29.47% over the next few years. During the same time and profits (net income) are predicted to escalate from $34M to $44M in the next couple of years, roughly staying around the same level. Though, at the current levels of revenue and profit, margins are certainly underwhelming.
Basis for the growth
The past can be an insightful indicator for future performance for a stock. We can determine whether this level of expected growth is highly excessive or whether the company has consistently exhibited strength. FLIC’s earnings growth in the last five years was a weaker 5.93%, indicating a relatively more upbeat attitude towards the company in the upcoming year. This belief may be supported by turnaround initiatives implemented in the past, or previous investments coming to fruition.
For FLIC, I’ve put together three key aspects you should further research:
1. Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
2. Valuation: What is FLIC worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether FLIC is currently mispriced by the market.
3. Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of FLIC? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.