Simmons First Ntl Q2 Adj. EPS $0.48 Beats $0.40 Estimate, Sales $208.21M Miss $219.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simmons First Ntl (NASDAQ:SFNC) reported Q2 adjusted earnings of $0.48 per share, beating the analyst consensus estimate of $0.40 by 20%. However, the company's quarterly sales of $208.21 million missed the analyst consensus estimate of $219.40 million by 5.10%. Both earnings and sales show a decrease compared to the same period last year.
July 25, 2023 | 12:04 pm
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Simmons First Ntl's Q2 earnings beat estimates but sales missed, indicating mixed financial performance. Both earnings and sales decreased compared to last year.
Simmons First Ntl's earnings beat could potentially boost investor confidence, but the sales miss and the YoY decrease in both earnings and sales might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100