South Plains Financial (SPFI) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 17.46%. A quarter ago, it was expected that this company would post earnings of $0.77 per share when it actually produced earnings of $0.82, delivering a surprise of 6.49%.

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

South Plains Financial, which belongs to the Zacks Banks – Southeast industry, posted revenues of $51.84 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 0.28%. This compares to year-ago revenues of $55.34 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.

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