We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ahead of Simmons First National (SFNC) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Simmons First National (SFNC - Free Report) is expected to reveal quarterly earnings of $0.53 per share, indicating an increase of 15.2% compared to the year-ago period. Analysts forecast revenues of $255.21 million, representing an increase of 10% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Simmons First National metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net Interest Margin' stands at 3.9%. The estimate compares to the year-ago value of 3.5%.
Based on the collective assessment of analysts, 'Total interest earning assets (FTE) - Average Balance' should arrive at $21.46 billion. Compared to the present estimate, the company reported $21.56 billion in the same quarter last year.
Analysts expect 'Total nonperforming loans' to come in at $164.30 million. The estimate is in contrast to the year-ago figure of $153.94 million.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $176.51 million. The estimate is in contrast to the year-ago figure of $160.72 million.
Analysts forecast 'Total Non-Interest Income' to reach $46.97 million. The estimate compares to the year-ago value of $45.31 million.
It is projected by analysts that the 'Net Interest Income - FTE' will reach $208.21 million. The estimate is in contrast to the year-ago figure of $190.47 million.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $204.41 million. Compared to the present estimate, the company reported $186.66 million in the same quarter last year.
Analysts' assessment points toward 'Wealth management fees' reaching $10.34 million. The estimate is in contrast to the year-ago figure of $9.97 million.
The consensus among analysts is that 'Service charges on deposit accounts' will reach $12.48 million. The estimate is in contrast to the year-ago figure of $13.05 million.
The average prediction of analysts places 'Debit and credit card fees' at $9.01 million. The estimate is in contrast to the year-ago figure of $8.48 million.
Over the past month, shares of Simmons First National have returned -4.4% versus the Zacks S&P 500 composite's +2.4% change. Currently, SFNC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Ahead of Simmons First National (SFNC) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Simmons First National (SFNC - Free Report) is expected to reveal quarterly earnings of $0.53 per share, indicating an increase of 15.2% compared to the year-ago period. Analysts forecast revenues of $255.21 million, representing an increase of 10% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Simmons First National metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Net Interest Margin' stands at 3.9%. The estimate compares to the year-ago value of 3.5%.
Based on the collective assessment of analysts, 'Total interest earning assets (FTE) - Average Balance' should arrive at $21.46 billion. Compared to the present estimate, the company reported $21.56 billion in the same quarter last year.
Analysts expect 'Total nonperforming loans' to come in at $164.30 million. The estimate is in contrast to the year-ago figure of $153.94 million.
The collective assessment of analysts points to an estimated 'Total nonperforming assets' of $176.51 million. The estimate is in contrast to the year-ago figure of $160.72 million.
Analysts forecast 'Total Non-Interest Income' to reach $46.97 million. The estimate compares to the year-ago value of $45.31 million.
It is projected by analysts that the 'Net Interest Income - FTE' will reach $208.21 million. The estimate is in contrast to the year-ago figure of $190.47 million.
According to the collective judgment of analysts, 'Net Interest Income' should come in at $204.41 million. Compared to the present estimate, the company reported $186.66 million in the same quarter last year.
Analysts' assessment points toward 'Wealth management fees' reaching $10.34 million. The estimate is in contrast to the year-ago figure of $9.97 million.
The consensus among analysts is that 'Service charges on deposit accounts' will reach $12.48 million. The estimate is in contrast to the year-ago figure of $13.05 million.
The average prediction of analysts places 'Debit and credit card fees' at $9.01 million. The estimate is in contrast to the year-ago figure of $8.48 million.
View all Key Company Metrics for Simmons First National here>>>Over the past month, shares of Simmons First National have returned -4.4% versus the Zacks S&P 500 composite's +2.4% change. Currently, SFNC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .