Earnings Preview For Sumitomo Mitsui Financial


Sumitomo Mitsui Financial SMFG is set to give its latest quarterly earnings report on Friday, 2022-07-29. Here's what investors need to know before the announcement.

Analysts estimate that Sumitomo Mitsui Financial will report an earnings per share (EPS) of $0.21.

Sumitomo Mitsui Financial bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.11, which was followed by a 0.0% drop in the share price the next day.

Here's a look at Sumitomo Mitsui Financial's past performance and the resulting price change:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.21 0.17 0.21
EPS Actual 0.10 0.22 0.33 0.27
Price Change % 3.41% -2.81% 4.3% -1.17%

Stock Performance

Shares of Sumitomo Mitsui Financial were trading at $6.12 as of July 27. Over the last 52-week period, shares are down 9.27%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Sumitomo Mitsui Financial visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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