Simmons First National Corp reports results for the quarter ended in December - Earnings Summary

Simmons First National

24/01/2024 14:31

* Simmons First National Corp  SFNC.OQ  reported quarterly
adjusted earnings of 40 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 64 cents.  The mean expectation of
six analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 29 cents to 39
cents per share.
    * Revenue fell 25.3% to $177.60 million from a year ago;
analysts
expected $204.25 million. 
    * Simmons First National Corp's reported EPS for the quarter
was
19 cents​.
    * The company reported quarterly net income of $23.91
million.
    * Simmons First National Corp shares had fallen by 3.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Simmons First
National Corp is $20.00 
This summary was machine generated from LSEG data January 24 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.34           0.40           Beat
 Sep. 30 2023      0.35           0.37           Beat
 Jun. 30 2023      0.40           0.46           Beat
 Mar. 31 2023      0.48           0.36           Missed