Market Overview

Earnings Preview for Southside Bancshares

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On Friday, October 23, Southside Bancshares (NASDAQ: SBSI) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts covering Southside Bancshares modeled for quarterly EPS of $0.56 on revenue of $60.84 million. In the same quarter last year, Southside Bancshares reported EPS of $0.58 on revenue of $53.48 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street consensus estimate for earnings would represent a 3.45% decrease for the company. Sales would be up 13.75% from the year-ago period. Here is how the Southside Bancshares's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.37 0.48 0.57 0.59
EPS Actual 0.65 0.12 0.51 0.58
Revenue Estimate 57.66 M 54.95 M 55.74 M 57.07 M
Revenue Actual 59.46 M 60.20 M 53.64 M 53.48 M

Stock Performance

Shares of Southside Bancshares were trading at $25.96 as of October 21. Over the last 52-week period, shares are down 24.18%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Southside Bancshares is scheduled to hold the call at 10:00:00 ET and can be accessed here.

 

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Posted-In: Earnings