Southside Bancshares Q2 EPS $0.81 Beats $0.69 Estimate, Sales $64.38M Miss $65.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southside Bancshares (NASDAQ:SBSI) reported Q2 earnings of $0.81 per share, beating the analyst consensus estimate of $0.69 by 17.39%. This is a 2.53% increase from the same period last year. However, the company's quarterly sales of $64.38 million missed the analyst consensus estimate of $65.50 million by 1.71%, but it's a 6.99% increase from the same period last year.
July 25, 2023 | 9:48 am
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Southside Bancshares reported better than expected Q2 earnings but missed on sales. Earnings per share were $0.81, beating estimates by 17.39%, while sales were $64.38 million, missing estimates by 1.71%.
Southside Bancshares reported a mixed Q2 result with earnings beating estimates but sales missing. This could have a neutral impact on the stock as the positive earnings result could be offset by the lower than expected sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100