Simmons First Ntl Q2 Adj $0.33 Beats $0.31 Estimate, Sales $197.20M Miss $201.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Simmons First National (NASDAQ: SFNC) reported Q2 earnings of $0.33 per share, beating the analyst estimate of $0.31. However, sales of $197.20 million missed the $201.84 million estimate. Both earnings and sales showed a decline compared to the same period last year.
July 24, 2024 | 12:06 pm
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Simmons First National reported Q2 earnings of $0.33 per share, beating the analyst estimate of $0.31. However, sales of $197.20 million missed the $201.84 million estimate. Both earnings and sales showed a decline compared to the same period last year.
While the earnings per share beat estimates, the miss on sales and the year-over-year decline in both earnings and sales could create mixed sentiment among investors. The short-term impact on the stock price is likely to be neutral as the positive earnings surprise is offset by the sales miss and overall decline.
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IMPORTANCE 80
RELEVANCE 100