Southern States Q2 2024 Adj EPS $1.00 Beats $0.89 Estimate, Sales $22.947 Miss $22.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern States (NASDAQ:SSBK) reported Q2 2024 adjusted EPS of $1.00, beating the $0.89 estimate, but sales of $22.947 million missed the $22.600 million estimate. EPS increased by 26.58% year-over-year, while sales decreased by 100% from $26.294 million last year.
July 22, 2024 | 11:20 am
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Southern States (NASDAQ:SSBK) reported Q2 2024 adjusted EPS of $1.00, beating the $0.89 estimate, but sales of $22.947 million missed the $22.600 million estimate. EPS increased by 26.58% year-over-year, while sales decreased by 100% from $26.294 million last year.
The positive EPS surprise is offset by the significant sales miss and year-over-year sales decline. This mixed result is likely to create a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100