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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100