SmartFinancial Inc reports results for the quarter ended in January - Earnings Summary

SmartFinancial

22/07/2024 22:41

* SmartFinancial Inc  SMBK.N  reported quarterly adjusted
earnings
of 46 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 52 cents.  The mean expectation of six analysts for the
quarter was for earnings of 39 cents per share. Wall Street
expected results to range from 35 cents to 42 cents per share.
    * Revenue rose 4.4% to $40.42 million from a year ago;
analysts
expected $40.07 million. 
    * SmartFinancial Inc's reported EPS for the quarter was 48
cents​.
    * The company reported quarterly net income of $8 million.
    * SmartFinancial Inc shares had risen by 12.7% this
quarter and
gained 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for SmartFinancial
Inc is $25.00 
This summary was machine generated from LSEG data July 22 at
09:40 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      0.39           0.46           Beat
 Mar. 31 2024      0.41           0.49           Beat
 Dec. 31 2023      0.41           0.37           Missed
 Sep. 30 2023      0.47           0.43           Missed