Simmons First Ntl Q1 2024 GAAP EPS $0.32, Inline, Sales $195.090M Miss $202.348M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simmons First Ntl (NASDAQ:SFNC) reported Q1 2024 earnings of $0.32 per share, meeting analyst estimates, but missed revenue forecasts with $195.090M against an expected $202.348M. This represents a 12.78% decrease in sales compared to the same period last year.
April 24, 2024 | 12:12 pm
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Simmons First Ntl reported Q1 2024 earnings per share of $0.32, aligning with estimates, but their revenue of $195.090M missed expectations by 3.59% and showed a 12.78% decrease from the previous year.
The miss in revenue forecasts and the significant year-over-year decrease in sales are likely to negatively impact investor sentiment towards SFNC in the short term. While meeting EPS estimates is positive, the revenue miss and sales decline are critical factors that could lead to a decrease in stock price.
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