SouthState Corp expected to post earnings of $1.96 a share - Earnings Preview

SouthState Bank

25/04/2023 23:16

* SouthState Corp  SSB.OQ   SSB.O  is expected to show a
rise in
quarterly revenue when it reports  results on April 27. 
    * The Winter Haven Florida-based  company is expected to
report  a
27.6% increase in revenue to $443.345 million from $347.56
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 $1.96 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 2.2%
in the last three months. ​
    * Wall Street's median 12-month price target for SouthState
Corp
is $86.5​, above​ its last closing price of $65.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Mar. 31 2022  1.32        1.32       1.69      Beat    28
 ​​Dec.        1.52        1.52       1.59      Beat    4.8
 31 2021                                                
 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. 31 2021  1.45        1.45       2.17      Beat    49.5
 This summary was machine generated April 25 at 22:16 GMT.  All
figures in US dollars  unless otherwise stated