SouthState Corp expected to post earnings of $2.02 a share - Earnings Preview

SouthState Bank

24/01/2023 21:43

* SouthState Corp  SSB.OQ   SSB.O  is expected to show a
rise in
quarterly revenue when it reports  results on January 26. 
    * The Winter Haven Florida-based  company is expected to
report  a
27.8% increase in revenue to $447.254 million from $350 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 $2.02 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 $99​, above​ its last closing price of $77.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  1.52        1.52       1.59      Beat    4.8
 ​​Sep.        1.52        1.50       1.94      Beat    29.8
 30 2021                                                
 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
 This summary was machine generated January 24 at 21:43 GMT.  All
figures in US dollars  unless otherwise stated