Seacoast Banking Corporation of Florida expected to post earnings of 34 cents a share - Earnings Preview

Seacoast Banking of Florida

23/07/2024 22:10

* Seacoast Banking Corporation of Florida  SBCF.OQ 
 SBCF.O  is
expected to show a fall in quarterly revenue when it reports 
results on July 25 for the period ending June 30 2024
    * The Stuart Florida-based  company is expected to report a
15.0% decrease in revenue to $126.226 million from $148.54
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (SAL represents Total Revenue)
    * ​LSEG's mean analyst estimate for Seacoast Banking
Corporation
of Florida is for earnings of 34 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Seacoast
Banking
Corporation of Florida is $25.50​, below​ its last closing price
of $28.05. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.35        0.35       0.37      Beat    6.8
 Dec. 31 2024  0.40        0.40       0.43      Beat    8.1
 Sep. 30 2023  0.40        0.40       0.46      Beat    15.6​
 Jun. 30 2023  0.51        0.52       0.58      Beat    12.1
 ​​Mar.        0.44        0.36       0.36      Met     -0.5
 31 2023                                                
 Dec. 31 2022  0.15        0.15       0.34      Beat    132.9​
 Sep. 30 2022  0.59        0.59       0.47      Missed  -20.3
 Jun. 30 2022  0.55        0.53       0.53      Met     -0.9
 This summary was machine generated July 23 at 21:10 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)