Southern Missouri Bancorp Misses Earnings Target Despite Revenue Growth
Southern Missouri Bancorp (SMBC) reported quarterly earnings of $1.10 per share, falling short of the Zacks Consensus Estimate of $1.11 per share. In comparison, the bank earned $1.16 per share during the same period last year. These results exclude non-recurring items.
The recent earnings report reflects a surprise of -0.90%. Last quarter, analysts anticipated earnings of $0.93 per share, but the company exceeded expectations with actual earnings of $1.19, resulting in a surprise of 27.96%.
In the last four quarters, Southern Missouri Bancorp has managed to beat consensus EPS estimates twice.
Revenue Figures Show Improvement
Operating within the Zacks Financial – Savings and Loan industry, Southern Missouri Bancorp generated revenues of $43.84 million for the quarter ending September 2024. This amount surpassed the Zacks Consensus Estimate by 3.19% and marked an increase from $41.25 million a year earlier. Over the past year, the company has exceeded consensus revenue estimates three times out of four.
The immediate stock price movement following this earnings release will heavily rely on management’s insights during the earnings call.
Since the start of the year, Southern Missouri Bancorp shares have gained approximately 7.1%, while the S&P 500 has risen by 21.8%.
Future Prospects for Southern Missouri Bancorp
Investors now wonder about the future of Southern Missouri Bancorp after this mixed performance. While there are no straightforward answers, one reliable method to gauge the stock’s potential is by examining the company’s earnings outlook. This encompasses current consensus earnings forecasts for upcoming quarters and any recent changes to these expectations.
Research indicates a strong link between a stock’s short-term movement and earnings estimate revisions. Investors can track these changes or utilize tools like the Zacks Rank, which has proven effective in leveraging earnings estimate revisions.
Before this earnings report, the revisions trend for Southern Missouri Bancorp was mixed. Although the specifics may shift following the new results, the current status gives the stock a Zacks Rank of #3 (Hold), suggesting it will perform in line with the market in the near term. Interested investors can view the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.
It will be significant to monitor how forecasts for upcoming quarters and the ongoing fiscal year evolve in the weeks to come. Currently, the consensus EPS estimate stands at $1.23, projecting revenues of $43.74 million for the next quarter, and overall earnings of $4.70 per share on revenues of $176.04 million for the current fiscal year.
Additionally, it’s essential to consider industry-wide trends that may influence the stock’s performance. The Zacks Industry Rank currently places Financial – Savings and Loan in the top 20% of more than 250 industry classifications. Historical data shows that the upper half of Zacks-ranked industries outperform the lower half by over two to one.
Insight on Provident Financial
Provident Financial (PFS), another company in the same sector, has yet to announce earnings for the quarter ending September 2024, with results anticipated on October 29. It is forecasted that this holding company for The Provident Bank will report quarterly earnings of $0.46 per share, reflecting a year-over-year increase of 21.1%. The consensus EPS estimate for the quarter has not changed in the past 30 days, with anticipated revenues of $211.25 million, up 82.8% compared to the same quarter last year.
Should You Consider Investing in Southern Missouri Bancorp?
Before making any investment decisions regarding Southern Missouri Bancorp, it’s useful to explore other promising stock options for the following month. Zacks Investment Research offers a free report detailing the 7 best stocks to consider buying.
Since 1978, Zacks Investment Research has been dedicated to supplying investors with valuable tools and unbiased analysis. Their Zacks Rank stock-rating system has significantly outperformed the S&P 500, showcasing an average annual gain of 24.08% (from January 1, 1988, through May 6, 2024).
For up-to-date recommendations from Zacks Investment Research, download their report on 5 Stocks Set to Double.
Southern Missouri Bancorp, Inc. (SMBC): Free Stock Analysis Report
Provident Financial Services, Inc (PFS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
