Southside Bancshares Q3 EPS $0.68 Misses $0.73 Estimate, Sales $63.63M Miss $68.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southside Bancshares reported Q3 earnings of $0.68 per share, missing the $0.73 estimate, and sales of $63.63M, below the $68.40M estimate. Despite missing estimates, EPS increased by 13.33% from last year.
October 24, 2024 | 10:07 am
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Southside Bancshares reported Q3 earnings per share of $0.68, missing the analyst estimate of $0.73. Sales were $63.63M, also below the $68.40M estimate. Despite the misses, EPS increased by 13.33% year-over-year.
The earnings and sales figures both missed analyst estimates, which is typically viewed negatively by investors, likely leading to a short-term decrease in stock price. However, the year-over-year increase in EPS may provide some positive sentiment.
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IMPORTANCE 80
RELEVANCE 100