Simmons First National to report earnings with revenue expected to grow 14%

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Simmons First National will report its quarterly results this Thursday after market hours. Analysts expect revenue to grow 14% year on year, an improvement from the 8.3% increase recorded in the same quarter last year. The company beat revenue expectations last quarter, reporting $244.4 million, up 13.1% year on year, though EPS was in line and tangible book value per share slightly missed estimates. Analysts have generally reconfirmed their estimates over the last 30 days. Simmons First National shares are up 4.2% over the last month, matching the average gain for the banks segment, and the average analyst price target is $24.14 compared to the current share price of $22.92.

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