Southside Bancshares Inc expected to post earnings of 69  cents a share - Earnings Preview

Southside Bancshares

21/07/2023 15:15

* Southside Bancshares Inc  SBSI.OQ   SBSI.O  is expected
to show
a rise in quarterly revenue when it reports  results on July
25. 
    * The Tyler Texas-based  company is expected to report  a
8.9% increase in revenue to $65.501 million from $60.18 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Southside
Bancshares Inc
is for earnings of 69 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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 $31​, above​ its last closing price of $28.19.
​​​

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 2023  0.78        0.79       0.83      Beat    5.7
 Dec. 31 2023  0.85        0.85       0.87      Beat    2.7
 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.        0.70        0.70       0.77      Beat    10.6
 31 2022                                                
 Dec. 31 2021  0.76        0.76       0.88      Beat    16.4​
 Sep. 30 2021  0.65        0.65       0.93      Beat    42.5
 Jun. 30 2021  0.69        0.69       0.65      Missed  -5.3
 This summary was machine generated July 21 at 14:14 GMT.  All
figures in US dollars  unless otherwise stated