Great Southern Bancorp Reports Strong Earnings, Surprises Analysts
Great Southern Bancorp (GSBC) recently posted quarterly earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.26. This is an increase from earnings of $1.33 per share from last year, adjusted for non-recurring items.
The earnings report reflects a surprise of 11.90%. In the previous quarter, analysts expected the bank holding company to earn $1.20 per share, but it delivered $1.45, resulting in a surprise of 20.83%.
In the last year, Great Southern Bancorp has surpassed consensus EPS estimates in three out of four quarters.
Part of the Zacks Financial – Savings and Loan industry, Great Southern Bancorp reported revenues of $54.97 million for the quarter ending September 2024. This figure surpasses the Zacks Consensus Estimate by 0.41% and marks a slight increase from $54.59 million in revenue a year prior. The company has exceeded consensus revenue estimates in two of the past four quarters.
Future stock performance will likely depend on management’s insights during the earnings call regarding recent results and future earnings expectations.
Since the start of the year, Great Southern Bancorp shares have declined about 1.4%, while the S&P 500 has increased by 21.9%.
Looking Ahead: What’s Next for Great Southern Bancorp?
Despite underperforming compared to the market this year, investors are curious about the stock’s future. One way to gauge this is through the company’s earnings outlook. This includes both current earnings expectations for upcoming quarters and any recent changes to those predictions.
Research indicates a strong link between near-term stock movements and trends in earnings estimate revisions. Investors can monitor these revisions independently or use tools like the Zacks Rank, which has demonstrated success in evaluating potential stock performance based on earnings estimates.
As of now, the estimate revision trend for Great Southern Bancorp is mixed. Changes in the estimate revisions following the latest earnings release could alter its current Zacks Rank #3 (Hold). This suggests the shares are expected to perform similarly to the market in the near term.
Investors will be interested to see how earnings estimates for coming quarters evolve. The current consensus EPS estimate stands at $1.25 on revenues of $54.49 million for the next quarter, and $5.09 on revenues of $214.78 million for the fiscal year.
It’s important for investors to consider the industry’s outlook, which can significantly influence stock performance. The Financial – Savings and Loan sector holds a rank in the top 43% of over 250 Zacks industries. Historically, the top half of Zacks-ranked industries have outperformed the bottom half by more than twice as much.
In the same industry, Brookline Bancorp (BRKL) has yet to release its quarterly results for September 2024, expected on October 23. Analysts anticipate quarterly earnings of $0.20 per share—a decrease of 23.1% year-over-year—with revenue forecasts at $88.67 million, a 1% decline from the previous year.
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Great Southern Bancorp, Inc. (GSBC): Free Stock Analysis Report
Brookline Bancorp, Inc. (BRKL): Free Stock Analysis Report
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