Analysts on Wall Street project that Simmons First National (SFNC) will announce quarterly earnings of $0.36 per share in its forthcoming report, representing an increase of 12.5% year over year. Revenues are projected to reach $205.86 million, increasing 5.5% from the same quarter last year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. Bearing this in mind, let's now explore the average estimates of specific Simmons First National metrics that are commonly monitored and projected by Wall Street analysts. Analysts predict that the 'Total non-performing assets' will reach $125.29 million. The estimate is in contrast to the year-ago figure of $112.32 million. The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 66.4%. Compared to the current estimate, the company reported 69.4% in the same quarter of the previous year. Analysts' assessment points toward 'Total nonperforming loans' reaching $114.60 million. The estimate is in contrast to the year-ago figure of $107.32 million. Analysts expect 'Total interest earning assets (FTE) - Average Balance' to come in at $23.39 billion. Compared to the present estimate, the company reported $23.92 billion in the same quarter last year. The average prediction of analysts places 'Net Interest Income - FTE' at $168.60 million. The estimate compares to the year-ago value of $158.33 million. The consensus among analysts is that 'Total Non-Interest Income' will reach $43.55 million. Compared to the current estimate, the company reported $43.18 million in the same quarter of the previous year. Based on the collective assessment of analysts, 'Net Interest Income' should arrive at $162.31 million. The estimate compares to the year-ago value of $151.91 million. View all Key Company Metrics for Simmons First National here>>> Simmons First National shares have witnessed a change of -11.5% in the past month, in contrast to the Zacks S&P 500 composite's -6.1% move. With a Zacks Rank #4 (Sell), SFNC is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Story Continues Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Simmons First National Corporation (SFNC):Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research View Comments
Unlocking Q1 Potential of Simmons First National (SFNC): Exploring Wall Street Estimates for Key Metrics
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research.
Start Your Free Trial Now!Not sure where to invest today?
Kalkine’s latest research highlights three companies identified through in-depth analysis and market insights.
Explore these research reports to learn about companies currently being tracked by our analysts and make more informed investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...