Simmons First Ntl Q1 Adj $0.32, Inline, Sales $195.09M Miss $202.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simmons First Ntl (NASDAQ:SFNC) reported Q1 adjusted earnings of $0.32 per share, meeting analyst estimates but marking a 13.51% decrease from last year. Quarterly sales of $195.09M missed estimates by 3.59% and fell 12.78% year-over-year.
April 24, 2024 | 12:03 pm
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Simmons First Ntl reported Q1 earnings in line with estimates but saw a decrease in earnings and sales YOY, missing sales estimates.
Meeting earnings estimates while experiencing a significant year-over-year decrease in both earnings and sales, and missing sales forecasts, is likely to negatively impact investor sentiment and the stock price in the short term.
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