Earnings Outlook For Southside Bancshares
Portfolio Pulse from Benzinga Insights
Southside Bancshares (NASDAQ:SBSI) is expected to release its quarterly earnings report on January 26, 2024. Analysts predict an EPS of $0.66. Investors are looking for an earnings beat and positive guidance for future growth. In the past, SBSI's stock price has been sensitive to earnings performance and guidance. Last quarter, SBSI missed EPS estimates by $0.12, leading to a 1.98% stock price drop. Over the past year, SBSI shares have declined by 15.31%, indicating potential concern among long-term shareholders ahead of the earnings release.
January 25, 2024 | 2:01 pm
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NEUTRAL IMPACT
Southside Bancshares is anticipated to report quarterly earnings with an expected EPS of $0.66. Previous earnings performance and guidance have influenced stock price movements. Shares have fallen 15.31% over the last year, which may concern investors.
The expected EPS of $0.66 sets a benchmark for investors. Given the stock's sensitivity to earnings reports and guidance, the upcoming announcement could lead to price volatility. However, the score is neutral (0) due to the lack of information on whether the expectations will be met or exceeded. The relevance is high (100) as the news is directly about SBSI's earnings. The importance is significant (80) because earnings reports are critical for stock valuation, but not the sole factor. Confidence is high (90) based on the historical data provided and the typical market response to earnings reports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100