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

SmartFinancial

25/04/2023 24:00

* SmartFinancial Inc  SMBK.OQ  reported quarterly adjusted
earnings of 68 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 60 cents per share.
    * Revenue rose 15.3% to $42.91 million from a year ago;
analysts
expected $42.82 million. 
    * SmartFinancial Inc's reported EPS for the quarter was 68
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * SmartFinancial Inc shares had fallen by 5.4% this
quarter and
lost 20.4% so far this year.
    * The company reported quarterly net income of $11.5
million.
    * Wall Street's median 12-month price target for
SmartFinancial
Inc is $26.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 24 at 11:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.60           0.68           Beat
 Dec. 31 2022      0.74           0.77           Beat
 Sep. 30 2022      0.73           0.68           Missed
 Jun. 30 2022      0.61           0.61           Met