South State -Will SouthState (SSB) Gain on Rising Earnings Estimates?

Core Viewpoint - SouthState (SSB) is positioned as a strong investment opportunity due to a significant revision in the company's earnings estimates, with an improving earnings outlook suggesting continued stock price gains [1][2]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding SouthState's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, SouthState is projected to earn $1.32 per share, indicating a year-over-year decline of 16.46%. However, the Zacks Consensus Estimate has increased by 15.79% over the last 30 days due to one upward and one downward revision [4]. - For the full year, the earnings estimate is$ 8.12 per share, representing a year-over-year increase of 12.62%. The consensus estimate has risen by 8.71% as two estimates moved higher against one negative revision [5]. Zacks Rank - SouthState has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance compared to the S&P 500 [6]. - Historically, stocks with a Zacks Rank 1 have generated an average annual return of +25% since 2008, highlighting the effectiveness of this ranking system [3][6]. Stock Performance - SouthState shares have increased by 7.1% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects driven by the positive estimate revisions [7].