SmartFinancial Q2 2024 Adj EPS $0.46 Beats $0.39 Estimate, Sales $40.418M Beat $40.072M Estimate
Portfolio Pulse from Benzinga Newsdesk
SmartFinancial (NYSE:SMBK) reported Q2 2024 adjusted EPS of $0.46, beating the $0.39 estimate. Sales were $40.418M, surpassing the $40.072M estimate. Despite the earnings beat, EPS decreased by 11.54% YoY, while sales increased by 4.43% YoY.
July 22, 2024 | 9:08 pm
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SmartFinancial reported Q2 2024 adjusted EPS of $0.46, beating the $0.39 estimate by 17.95%. Sales were $40.418M, surpassing the $40.072M estimate. Despite the earnings beat, EPS decreased by 11.54% YoY, while sales increased by 4.43% YoY.
The earnings and sales beat are positive indicators and likely to boost investor confidence in the short term. However, the YoY decrease in EPS may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100