Enterprise Financial Services Co (NASDAQ:EFSC) stock is soaring 7.34% in pre-market trading on Thursday, following the release of its better-than-expected first-quarter earnings report. The company's performance has surpassed analyst forecasts, particularly in terms of profitability.
The financial services provider reported a statutory profit of $1.31 per share, which notably exceeded analyst expectations by 12%. While revenues of $166 million were in line with predictions, the impressive earnings beat has clearly excited investors. This strong showing demonstrates Enterprise Financial Services' ability to maintain profitability in the current economic environment.
Following these results, analysts have revised their forecasts upward for the company. The consensus now projects revenues of $678.1 million for 2025, representing a 9.5% year-over-year improvement. Earnings per share for 2025 are now estimated at $5.15, reflecting growing confidence in the company's future performance. Despite these positive revisions, it's worth noting that the consensus price target remains unchanged at $64.75 per share, suggesting that the market may have already priced in some of this optimism.
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