Earnings To Watch: Simmons First National (SFNC) Reports Q1 Results Tomorrow

SFNC Cover Image

Regional banking company Simmons First National (NASDAQ: SFNC) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.

Simmons First National beat analysts’ revenue expectations last quarter, reporting revenues of $251.9 million, up 17.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

Is Simmons First National a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Simmons First National’s revenue to grow 12.5% year on year, improving from the 7.2% increase it recorded in the same quarter last year.

Simmons First National Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Simmons First National rarely misses Wall Street’s revenue estimates.

Looking at Simmons First National’s peers in the banks segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FB Financial delivered year-on-year revenue growth of 30.8%, missing analysts’ expectations by 1.7%, and Citigroup reported revenues up 13.9%, topping estimates by 4.9%. FB Financial traded down 2.3% following the results.

Read our full analysis of FB Financial’s results here and Citigroup’s results here.

There has been positive sentiment among investors in the banks segment, with share prices up 9% on average over the last month. Simmons First National is up 9.9% during the same time and is heading into earnings with an average analyst price target of $22.29 (compared to the current share price of $20.57).

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