Southside Bancshares Inc expected to post earnings of 68 cents a share - Earnings Preview

Southside Bancshares

23/04/2024 15:09

* Southside Bancshares Inc  SBSI.OQ   SBSI.O  is expected
to show
a rise in quarterly revenue when it reports  results on April 25
for the period ending March 31 2024
    * The Tyler Texas-based  company is expected to report a
3.6% increase in revenue to $67.725 million from $65.39 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Southside Bancshares Inc
is
for earnings of 68 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "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 Southside
Bancshares Inc is $35.00​, above​ its last closing price
of $28.15. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.67        0.67       0.57      Missed  -14.3
 Sep. 30 2023  0.76        0.73       0.60      Missed  -17.2
 Jun. 30 2023  0.69        0.69       0.81      Beat    17.8​
 Mar. 31 2023  0.78        0.79       0.83      Beat    5.7
 ​​Dec.        0.85        0.85       0.87      Beat    2.7
 31 2022                                                
 Sep. 30 2022  0.88        0.87       0.84      Missed  -3.7​
 Jun. 30 2022  0.76        0.76       0.79      Beat    4.6
 Mar. 31 2022  0.70        0.70       0.77      Beat    10.6
 This summary was machine generated April 23 at 14:09 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)