The highly anticipated financial results for the third quarter of Southern States Bancshares (NASDAQ: SSBK) are scheduled to be disclosed on Monday 21st October 2024. This important update will be made available before market open, providing investors and market participants with key information regarding the company's financial status.
It appears that the organization is on the verge of revealing their estimated $0.96 profit per share for the quarter, as well as their total revenue of $25.35 million for this specific period, according to financial experts on Wall Street.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $1.06. This was a direct result of the company's total revenue, which amounted to an impressive $17.84 million during that specific period.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $97.95 million. At the same time, the earnings per share for the company are also anticipated to reach profit of $3.79 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.00 | +26.6% | 22.95 M | -12.7% |
| Q1 2024 | $0.90 | +12.5% | 22.11 M | +3.6% |
| Q4 2023 | $0.81 | -10.0% | 23.52 M | -7.7% |
| Q3 2023 | $1.06 | +37.7% | 17.84 M | -14.1% |
| Q2 2023 | $0.79 | +33.9% | 26.29 M | +48.0% |
| *Growth on year-over-year basis | ||||
Throughout Thursday's trading, Southern States Bancshares (SSBK) shares fluctuated between $30.78 and $31.88, with a trading volume of 6.90 thousand shares. The stock ended the regular trading session at $31.54, demonstrating downfall of 1.38 percent.
