Seacoast Banking Corporation of Florida expected to post earnings of 35 cents a share - Earnings Preview

Seacoast Banking of Florida

24/04/2024 24:14

* Seacoast Banking Corporation of Florida  SBCF.OQ 
 SBCF.O  is
expected to show a fall in quarterly revenue when it reports 
results on April 25 for the period ending March 31 2024
    * The Stuart Florida-based  company is expected to report a
16.8% decrease in revenue to $127.744 million from $153.6
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Seacoast Banking
Corporation
of Florida is for earnings of 35 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"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 $27.00​, above​ its last closing price
of $24.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  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. 31 2023  0.44        0.36       0.36      Met     -0.5
 ​​Dec.        0.15        0.15       0.34      Beat    132.9
 31 2022                                                
 Sep. 30 2022  0.59        0.59       0.47      Missed  -20.3​
 Jun. 30 2022  0.55        0.53       0.53      Met     -0.9
 Mar. 31 2022  0.41        0.42       0.33      Missed  -21.1
 This summary was machine generated April 23 at 23:14 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)