SouthState Corp expected to post earnings of $1.50 a share - Earnings Preview

SouthState Bank

26/10/2021 02:55

* SouthState Corp  SSB.OQ   SSB.O  is expected to show a fall in
quarterly revenue when it reports results on October 27. 
* The Winter Haven, Florida-based company is expected to report 
a 10.5% decrease in revenue to $344.726 million from $385.14
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for SouthState Corp is for
earnings of $1.50 per share. For the same quarter last year, the
company reported earnings of $1.58 per share.
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 3 "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 SouthState Corp
is $82​, about 3.9% above​ its last closing price of $78.80. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  1.64        1.61       1.87      Beat    15.9
 Mar. 31 2021  1.45        1.45       2.17      Beat    49.5
 Dec. 31 2020  1.49        1.45       1.44      Missed  -0.9​
 Sep. 30 2020  1.24        1.24       1.58      Beat    27.9
 Jun.          0.12​       0.12       0.89      Beat    641.7​
 30​ 2020​                                              
 Mar. 31 2020  1.24        1.23       0.82      Missed  -33.5​
 Dec. 31 2019  1.42        1.43       1.48      Beat    3.6
 Sep. 30 2019  1.43        1.43       1.49      Beat    3.9
 This summary was machine generated October 26 at 01:55 GMT.  All
figures in US dollars unless otherwise stated