Recap: Southern States Q4 Earnings
Portfolio Pulse from Benzinga Insights
Southern States (NASDAQ:SSBK) reported Q4 earnings with an EPS of $0.81, missing estimates by 6.9% and a revenue decline of $1.97 million from the previous year. In the last quarter, SSBK beat EPS estimates which resulted in a slight stock price increase.
January 22, 2024 | 1:45 pm
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Southern States reported a miss in Q4 earnings with an EPS of $0.81 against an estimate of $0.87 and a year-over-year revenue decline. Previous quarters show mixed performance.
Missing earnings estimates and reporting lower revenue compared to the previous year are typically seen as negative indicators by investors, which could lead to a short-term decline in stock price. However, the company's stock price increased slightly after beating EPS last quarter, which may mitigate the impact.
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