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

SmartFinancial

23/10/2023 23:39

* SmartFinancial Inc  SMBK.OQ  reported quarterly adjusted
earnings of 43 cents​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of 47 cents per share.
    * Revenue fell 26.2% to $31.70 million from a year ago;
analysts
expected $38.93 million. 
    * SmartFinancial Inc's reported EPS for the quarter was 12
cents​.
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * SmartFinancial Inc shares had fallen by 3.6% this
quarter and
lost 25.1% so far this year.
    * The company reported quarterly net income of $2.07
million.
    * Wall Street's median 12-month price target for
SmartFinancial
Inc is $25.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 23 at 10:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.47           0.43           Missed
 Jun. 30 2023      0.53           0.52           Missed
 Mar. 31 2023      0.60           0.68           Beat
 Dec. 31 2022      0.74           0.77           Beat