Southern States Q3 2024 Adj. EPS $0.89 Misses $0.96 Estimate, Sales $26.003M Beat $25.350M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern States Bancshares, Inc. reported Q3 2024 adjusted EPS of $0.89, missing the estimate of $0.96. However, sales were $26.003 million, surpassing the expected $25.350 million.
October 21, 2024 | 11:09 am
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Southern States Bancshares reported a Q3 2024 adjusted EPS of $0.89, which missed the analyst estimate of $0.96. However, the company exceeded sales expectations with $26.003 million compared to the $25.350 million estimate.
The mixed earnings report, with EPS missing but sales beating estimates, suggests potential short-term volatility in SSBK's stock price. Investors may react negatively to the EPS miss, but the sales beat could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100