SouthState Q2 2024 Adj EPS $1.79 Beats $1.54 Estimate, Sales $425.00M Beat $418.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
SouthState (NASDAQ:SSB) reported Q2 2024 adjusted EPS of $1.79, beating the estimate of $1.54. Sales were $425.00M, surpassing the $418.08M estimate but down 3.18% from last year's $438.96M.
July 24, 2024 | 8:13 pm
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SouthState's Q2 2024 earnings and sales both beat analyst estimates, with EPS at $1.79 versus $1.54 expected and sales at $425M versus $418.08M expected. However, sales decreased by 3.18% compared to the same period last year.
SouthState's better-than-expected EPS and sales figures are likely to positively impact the stock price in the short term. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100