Southern Missouri Bancorp Q2 Sales $40.13M Miss $41.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern Missouri Bancorp (NASDAQ:SMBC) reported Q2 sales of $40.13M, missing the consensus estimate of $41.17M by 2.54%. Despite the miss, this represents a 19.04% increase over the same period last year.
January 29, 2024 | 10:50 pm
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NEUTRAL IMPACT
Southern Missouri Bancorp's Q2 revenue miss may concern investors, but the year-over-year growth could mitigate negative sentiment.
While the revenue miss could be seen as a negative signal, the substantial year-over-year growth indicates underlying business strength. This mixed result may lead to a neutral short-term impact on SMBC's stock price as the market digests both the miss and the growth.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100