After losing some value lately, a hammer chart pattern has been formed for South Plains Financial (SPFI), 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.
South Plains Financial (SPFI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
South Plains Financial (SPFI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
South Plains Financial, Inc. (NASDAQ:SPFI ) Q2 2024 Results Conference Call July 18, 2024 5:00 PM ET Company Participants Steve Crockett - Chief Financial Officer and Treasurer Curtis Griffith - Chairman and CEO Cory Newsom - President Brent Bates - Chief Credit Officer Conference Call Participants Brett Rabatin - Hovde Group Joe Yanchunis - Raymond James Woody Lay - KBW Stephen Scouten - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to South Plains Financial, Inc. Second Quarter 2024 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode.
The headline numbers for South Plains Financial (SPFI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
South Plains Financial (SPFI) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.55 per share a year ago.