SmartFinancialNASDAQ: SMBK

KNOXVILLE, Tenn., July 02, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK) announces details for the release of its results for the Second Quarter of 2024.

Gain a more comprehensive understanding of SmarFinancial's (SMBK) performance for the quarter ending March 2024 by looking beyond Wall Street's revenue and earnings estimates and analyzing the projections for its important performance indicators.

KNOXVILLE, Tenn., April 05, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK) announces details for the release of its results for the First Quarter of 2024.

After losing some value lately, a hammer chart pattern has been formed for SmarFinancial (SMBK), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

SmarFinancial (SMBK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

SmarFinancial (SMBK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

SmartFinancial, Inc. (SMBK) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for SmarFinancial (SMBK) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

SmarFinancial (SMBK) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.76 per share a year ago.