Investors are constantly on the lookout for companies that could outperform expectations during earnings season. Southern First Bancshares, Inc. (SFST) may just be one such company. With the earnings report on the horizon, recent developments suggest favorable prospects for their upcoming earnings announcement.
Analysts have recently revised earnings estimates upwards for Southern First, typically a sign of an impending earnings beat. This is a positive trend as it indicates that the company is likely to exceed market expectations. The Most Accurate Estimate for the current quarter stands at $1.72 per share for SFST, compared to the broader Zacks Consensus Estimate of $1.71 per share. Such adjustments give the stock a Zacks Earnings ESP of +0.48% as it heads into earnings season.
What the Data Shows
Southern First Bancshares, Inc. price-eps-surprise | Southern First Bancshares, Inc. Quote
Implications of a Positive Earnings ESP
A positive Zacks Earnings ESP has historically proven to be a strong indicator of positive surprises and market outperformance. Over the last decade, stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better have shown a positive surprise almost 70% of the time. Moreover, these stocks have generated average annual returns of over 28%. Explore more Top Earnings ESP stocks here.
Given SFST’s Zacks Rank #3 and a positive Earnings ESP, investors may find this stock worthy of consideration ahead of the earnings release. For a complete list of today’s Zacks #1 (Strong Buy) Rank stocks, click here.
The recent uptick in earnings estimates indicates a promising road ahead for Southern First, hinting at the possibility of exceeding expectations in the upcoming report.
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Southern First Bancshares, Inc. (SFST) : Free Stock Analysis Report
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