Southern States Q4 Adj EPS $0.81 Misses $0.87 Estimate, Sales $23.52M Beat $21.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern States (NASDAQ:SSBK) reported Q4 adjusted EPS of $0.81, missing the consensus estimate of $0.87 by 6.9%, and a 10% decrease from $0.90 last year. Sales were $23.52M, exceeding the $21.40M estimate by 9.92%, but down 7.71% from $25.49M in the prior year.
January 22, 2024 | 1:04 pm
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NEGATIVE IMPACT
Southern States reported a mixed Q4 with an earnings miss and a sales beat, but both earnings and sales saw a year-over-year decline.
The earnings miss is likely to negatively impact investor sentiment in the short term, as it suggests potential underlying issues with profitability. However, the sales beat might provide some cushion. The year-over-year declines in both metrics could further concern investors about the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100