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Enterprise Financial Services (EFSC) Reports Earnings Tomorrow: What To Expect

EFSC Cover Image

Regional banking company Enterprise Financial Services (NASDAQ: EFSC) will be announcing earnings results this Monday after market hours. Here’s what to look for.

Enterprise Financial Services met analysts’ revenue expectations last quarter, reporting revenues of $177.8 million, up 8.6% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Enterprise Financial Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Enterprise Financial Services’s revenue to grow 10.5% year on year to $187.1 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share.

Enterprise Financial Services Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Enterprise Financial Services has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.8% on average.

Looking at Enterprise Financial Services’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ServisFirst Bancshares delivered year-on-year revenue growth of 20.7%, beating analysts’ expectations by 5%, and Dime Community Bancshares reported revenues up 24.5%, topping estimates by 5.2%. ServisFirst Bancshares traded up 14.6% following the results while Dime Community Bancshares was also up 12.5%.

Read our full analysis of ServisFirst Bancshares’s results here and Dime Community Bancshares’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Enterprise Financial Services’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $64.75 (compared to the current share price of $55.56).

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