Is CIA's Q3 2024 EPS drop a concerning trend?

**Citizens' Q3 2024 EPS drop is not a concerning trend.** Here's why: 1. **Analyst Expectations**: Analysts at Wedbush have lowered their Q3 2024 earnings estimates for First Citizens BancShares from $48.24 to $48.03. This adjustment suggests that the anticipated performance decline is not significant enough to indicate a broader concern. 2. **Institutional Confidence**: Institutional investors have shown confidence in First Citizens BancShares. For instance, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake by 60.4% in the second quarter. This influx of institutional capital can be reassuring, as it reflects faith in the company's long-term prospects despite short-term fluctuations. 3. **Market Position and Strategy**: LGI Homes, Inc., a homebuilding company, has been navigating market challenges effectively. This resilience is likely due to its strategic focus on margin improvement and community count growth, which positions it well for long-term sustainability despite headwinds. In conclusion, while Citizens' Q3 2024 EPS drop might raise some eyebrows, the overall context— including analyst expectations, institutional confidence, and the company's strategic positioning— suggests that this trend is not necessarily indicative of deeper concerns.