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

SmartFinancial

26/07/2022 24:00

* SmartFinancial Inc  SMBK.OQ  reported quarterly adjusted
earnings of 61 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 61 cents per share.
    * Revenue rose 25.8% to $40.29 million from a year ago;
analysts
expected $40.44 million. 
    * SmartFinancial Inc's reported EPS for the quarter was 61
cents​.
    * The mean earnings estimate of analysts had risen by
about 12% in
the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * SmartFinancial Inc shares had risen by 0.7% this
quarter and
lost 11.1% so far this year.
    * The company reported quarterly net income of $10.22
million.
    * Wall Street's median 12-month price target for
SmartFinancial
Inc is $30.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 25
at 11:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.61           0.61           Met
 Mar. 31 2022      0.51           0.49           Missed
 Dec. 31 2021      0.48           0.40           Missed
 Sep. 30 2021      0.39           0.61           Beat