SouthState Corp expected to post earnings of $1.54 a share - Earnings Preview

SouthState Bank

27/07/2022 24:13

* SouthState Corp  SSB.OQ   SSB.O  is expected to show a
rise in
quarterly revenue when it reports  results on July 28. 
    * The Winter Haven Florida-based  company is expected to
report  a
22.0% increase in revenue to $390.977 million from $320.51
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for SouthState Corp is
for
earnings of $1.54 per share. For the same quarter last year, the
company reported earnings of $1.87 per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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 $90​, above​ its last closing price of $81.09. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  1.32        1.32       1.69      Beat    28
 Dec. 31 2022  1.52        1.52       1.59      Beat    4.8
 Sep. 30 2021  1.52        1.50       1.94      Beat    29.8​
 Jun. 30 2021  1.64        1.61       1.87      Beat    15.9
 ​​Mar.        1.45        1.45       2.17      Beat    49.5
 31 2021                                                
 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. 30 2020  0.12        0.12       0.89      Beat    641.7
 This summary was machine generated July 26 at 23:13 GMT.  All
figures in US dollars  unless otherwise stated