ENTREPRENEURSHIP

Southern Missouri Bancorp (SMBC) Surpasses Q2 Earnings and Revenue Estimates

Share The Knowledge
This story originally appeared on Zacks

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.

CRYPTO LEVERAGE TRADING
– Zacks

This quarterly report represents an earnings surprise of 8%. A quarter ago, it was expected that this bank holding company would post earnings of $1.17 per share when it actually produced earnings of $1.43, delivering a surprise of 22.22%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Southern Missouri Bancorp, which belongs to the Zacks Financial – Savings and Loan industry, posted revenues of $30.34 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 6.32%. This compares to year-ago revenues of $29.25 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Southern Missouri Bancorp shares have added about 1.8% since the beginning of the year versus the S&P 500’s decline of -7.7%.

What’s Next for Southern Missouri Bancorp?

While Southern Missouri Bancorp has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Southern Missouri Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.12 on $27.38 million in revenues for the coming quarter and $4.95 on $113.6 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial – Savings and Loan is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Waterstone Financial (WSBF), another stock in the same industry, has yet to report results for the quarter ended December 2021.

This bank holding company is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of -59%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Waterstone Financial’s revenues are expected to be $55.7 million, down 33.9% from the year-ago quarter.

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Southern Missouri Bancorp, Inc. (SMBC): Free Stock Analysis Report
 
Waterstone Financial, Inc. (WSBF): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Source

Tagged with:

Similar Posts