Simmons First Ntl Q3 Adj. EPS $0.39 Beats $0.35 Estimate, Sales $196.21M Miss $205.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simmons First Ntl (NASDAQ:SFNC) reported Q3 adjusted earnings of $0.39 per share, beating the analyst consensus estimate of $0.35 by 11.43%. However, this is a 39.06% decrease from last year's earnings. The company's quarterly sales of $196.21 million missed the analyst consensus estimate of $205.29 million by 4.42%, marking a 17.07% decrease from last year's sales.
October 24, 2023 | 12:20 pm
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NEGATIVE IMPACT
Simmons First Ntl's Q3 earnings beat estimates but are down from last year. Sales missed estimates and also decreased from last year.
Simmons First Ntl's earnings beat estimates, which is positive. However, the decrease in earnings and sales compared to last year, as well as the missed sales estimates, are negative factors that could potentially impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100