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

SouthState Bank

22/07/2024 22:54

* SouthState Corp  SSB.N   SSB  is expected to show a fall
in
quarterly revenue when it reports  results on July 24 for the
period ending June 30 2024
    * The Winter Haven Florida-based  company is expected to
report a
4.8% decrease in revenue to $418.077 million from $438.96
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data. (Revenue Basis is on Operating
Revenue)
    * ​LSEG's mean analyst estimate for SouthState Corp is for
earnings of $1.54 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"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 $92.50​, above​ its last closing price of $91.49. ​​​

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  1.54        1.55       1.58      Beat    2.2
 Dec. 31 2024  1.52        1.54       1.67      Beat    8.4
 Sep. 30 2023  1.64        1.63       1.62      Missed  -0.9​
 Jun. 30 2023  1.79        1.83       1.63      Missed  -11
 ​​Jan.        1.91        1.96       1.93      Missed  -1.4
 1 0001                                                 
 Dec. 31 2022  1.97        1.98       1.88      Missed  -5​
 Sep. 30 2022  1.85        1.84       1.89      Beat    3
 Jun. 30 2022  1.55        1.54       1.62      Beat    4.9
 This summary was machine generated July 22 at 21:54 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)