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

Simmons First National

24/07/2024 15:31

* Simmons First National Corp  SFNC.OQ  reported quarterly
adjusted earnings of 33 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 46 cents.  The mean expectation of
six analysts for the quarter was for earnings of 31 cents per
share. Wall Street expected results to range from 30 cents to 32
cents per share.
    * Revenue fell 5.3% to $197.20 million from a year ago;
analysts
expected $201.84 million. 
    * Simmons First National Corp's reported EPS for the quarter
was
32 cents​.
    * The company reported quarterly net income of $40.8
million.
    * Simmons First National Corp shares had risen by 22.3% this
quarter and gained 8.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 July 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
 Jun. 30 2024      0.31           0.33           Beat
 Mar. 31 2024      0.32           0.32           Met
 Dec. 31 2023      0.34           0.40           Beat
 Sep. 30 2023      0.35           0.37           Beat