In the latest trading session, First Bancorp (FBP) closed at $14.67, marking a +0.27% move from the previous day. This move outpaced the S&P 500's daily loss of 0.2%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.12%.Prior to today's trading, shares of the holding company for FirstBank Puerto Rico had gained 6.55% over the past month. This has outpaced the Finance sector's loss of 2.26% and the S&P 500's loss of 3.29% in that time.First Bancorp will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.40, up 8.11% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $231.97 million, up 8.05% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $1.61 per share and revenue of $913.22 million, which would represent changes of +15% and +7.3%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for First Bancorp. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.63% higher. First Bancorp is currently sporting a Zacks Rank of #2 (Buy).Digging into valuation, First Bancorp currently has a Forward P/E ratio of 9.12. This valuation marks a discount compared to its industry's average Forward P/E of 10.04.Investors should also note that FBP has a PEG ratio of 0.91 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Southeast was holding an average PEG ratio of 0.91 at yesterday's closing price.The Banks - Southeast industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.>>Show me how I could profit from the metaverse!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First BanCorp. (FBP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research