Wall Street analysts expect SmarFinancial (SMBK) to post quarterly earnings of $0.96 per share in its upcoming report, which indicates a year-over-year increase of 11.6%. Revenues are expected to be $57.46 million, up 12.5% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 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.
That said, let's delve into the average estimates of some SmarFinancial metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Efficiency Ratio' will likely reach 60.3%. Compared to the present estimate, the company reported 66.3% in the same quarter last year.
Analysts forecast 'Net Interest Margin (FTE)' to reach 3.5%. Compared to the current estimate, the company reported 3.3% in the same quarter of the previous year.
The average prediction of analysts places 'Average Balance - Total interest earning assets' at $5.66 billion. Compared to the present estimate, the company reported $5.23 billion in the same quarter last year.
The collective assessment of analysts points to an estimated 'Total Nonperforming Assets' of $14.70 million. The estimate is in contrast to the year-ago figure of $12.54 million.
The consensus estimate for 'Total noninterest income' stands at $8.05 million. The estimate compares to the year-ago value of $8.64 million.
Based on the collective assessment of analysts, 'Net interest income (FTE)' should arrive at $49.59 million. The estimate compares to the year-ago value of $42.79 million.
It is projected by analysts that the 'Net interest income' will reach $49.36 million. The estimate is in contrast to the year-ago figure of $42.20 million.
View all Key Company Metrics for SmarFinancial here>>>Over the past month, shares of SmarFinancial have returned -3.9% versus the Zacks S&P 500 composite's +2.1% change. Currently, SMBK 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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SmartFinancial, Inc. (SMBK): Free Stock Analysis Report
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