The upcoming report from Simmons First National (SFNC) 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 >>>> .
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Simmons First National Corporation (SFNC): Free Stock Analysis Report
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