SmartFinancial Q4 Adj EPS $0.41, Inline, Sales $39.10M Beat $39.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
SmartFinancial (NASDAQ:SMBK) reported Q4 adjusted EPS of $0.41, meeting analyst estimates, but representing a 46.05% decrease from the previous year. Sales were $39.10M, slightly beating estimates by 0.07% but showing a 12.61% decrease from the prior year's sales.
January 22, 2024 | 10:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SmartFinancial reported Q4 adjusted EPS in line with estimates but a significant decrease from the previous year, and a marginal sales beat with a notable year-over-year decline.
While SmartFinancial met EPS estimates, the significant decrease in earnings compared to the previous year and the decline in sales, despite beating estimates, may concern investors about the company's growth trajectory and profitability, potentially leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100