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

Simmons First National

24/04/2024 15:31

* Simmons First National Corp  SFNC.OQ  reported quarterly
adjusted earnings of 32 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 36 cents.  The mean expectation of
six analysts for the quarter was for earnings of 32 cents per
share. Wall Street expected results to range from 29 cents to 34
cents per share.
    * Revenue fell 12.8% to $195.09 million from a year ago;
analysts
expected $202.35 million. 
    * Simmons First National Corp's reported EPS for the quarter
was
31 cents​.
    * The company reported quarterly net income of $38.87
million.
    * Simmons First National Corp shares had fallen by 3.3% this
quarter and lost 5.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $21.00 
This summary was machine generated from LSEG data April 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
 Mar. 31 2024      0.32           0.32           Met
 Dec. 31 2023      0.34           0.40           Beat
 Sep. 30 2023      0.35           0.37           Beat
 Jun. 30 2023      0.40           0.46           Beat