SmartFinancial Inc reports results for the quarter ended in September 30 - Earnings Summary

SmartFinancial

21/10/2024 23:11

* SmartFinancial Inc  SMBK.N  reported quarterly adjusted
earnings
of 54 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 43 cents.  The mean expectation of six analysts
for the quarter was for earnings of 47 cents per share. Wall
Street expected results to range from 43 cents to 51 cents per
share.
    * Revenue rose 39.4% to $44.17 million from a year ago;
analysts
expected $42.37 million. 
    * SmartFinancial Inc's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $9.14
million.
    * SmartFinancial Inc shares had risen by 6.7% this
quarter and
gained 26.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 30.13 
This summary was machine generated from LSEG data October 21 at
10:11 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
 Sep. 30 2024      0.47           0.54           Beat
 Jun. 30 2024      0.39           0.46           Beat
 Mar. 31 2024      0.41           0.49           Beat
 Dec. 31 2023      0.41           0.37           Missed