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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100