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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 the bell. Here’s what to look for.

Enterprise Financial Services beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $166 million, up 10.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates and a narrow beat of analysts’ net interest income estimates.

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

This quarter, analysts are expecting Enterprise Financial Services’s revenue to grow 5.1% year on year to $164 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.21 per share.

Enterprise Financial Services Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Enterprise Financial Services has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Enterprise Financial Services’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Atlantic Union Bankshares delivered year-on-year revenue growth of 86.2%, beating analysts’ expectations by 12.5%, and Seacoast Banking reported revenues up 19.6%, topping estimates by 5%. Atlantic Union Bankshares traded down 1.9% following the results while Seacoast Banking’s stock price was unchanged.

Read our full analysis of Atlantic Union Bankshares’s results here and Seacoast Banking’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 4% 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 $65 (compared to the current share price of $55.92).

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