SmartFinancial Q1 2024 Adj EPS $0.49 Beats $0.41 Estimate, Sales $40.101M Beat $39.138M Estimate
Portfolio Pulse from Benzinga Newsdesk
SmartFinancial (NYSE:SMBK) reported Q1 2024 adjusted EPS of $0.49, surpassing the $0.41 estimate, with sales of $40.101M also beating the $39.138M estimate. However, this represents a 27.94% decrease in earnings and a 6.54% decrease in sales from the same period last year.

April 22, 2024 | 9:08 pm
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SmartFinancial reported higher-than-expected Q1 2024 earnings and sales, but with significant year-over-year declines.
While SmartFinancial's Q1 2024 performance exceeded analyst expectations in both earnings per share and sales, the significant declines from the previous year's figures could raise concerns among investors about the company's growth trajectory. The positive beat might provide short-term stock support, but the year-over-year decreases could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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