Southside Bancshares Q3 EPS $0.60 Misses $0.72 Estimate, Sales $64.10M Miss $68.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southside Bancshares (NASDAQ:SBSI) reported Q3 earnings of $0.60 per share, missing the analyst consensus estimate of $0.72 by 16.67%. This is a 28.57% decrease from the same period last year. The company also reported quarterly sales of $64.10 million, missing the analyst consensus estimate of $68.18 million by 5.98%. This is a 2.56% decrease from the same period last year.
October 26, 2023 | 9:48 am
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Southside Bancshares reported lower than expected Q3 earnings and sales, which could negatively impact its stock price in the short term.
Southside Bancshares reported lower than expected earnings and sales for Q3. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100