Southern States Q3 Core EPS $1.06 Beats $0.74 Estimate, Sales $17.84M
Portfolio Pulse from Benzinga Newsdesk
Southern States (NASDAQ:SSBK) reported Q3 earnings of $1.06 per share, beating the analyst consensus estimate of $0.74 by 43.24%. This is a 37.66% increase from the same period last year. However, the company reported quarterly sales of $17.84 million, missing the analyst consensus estimate of $20.30 million by 12.13%. This is a 14.14% decrease from the same period last year.
October 23, 2023 | 11:36 am
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NEUTRAL IMPACT
Southern States' Q3 earnings beat estimates but sales missed, indicating mixed financial performance.
Southern States' earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100