Enterprise Financial Services Co (EFSCP) stock is soaring 7.34% in pre-market trading on Thursday, following the company's impressive quarterly earnings report and upgraded analyst forecasts. The financial services provider has demonstrated strong performance, surpassing market expectations and instilling confidence in investors.

The company reported a statutory profit of $1.31 per share, significantly beating analyst expectations by 12%. While revenues of $166 million were in line with predictions, the earnings surprise has led analysts to revise their outlook positively. This outperformance in profitability suggests effective cost management and operational efficiency within the company.

Following these results, analysts have upgraded their forecasts for Enterprise Financial Services. The consensus now projects revenues of $678.1 million for 2025, representing a 9.5% year-over-year improvement. Earnings per share are expected to reach $5.15, maintaining the company's strong profitability. Additionally, Enterprise Financial Services' revenue growth is anticipated to outpace the industry average, albeit at a slower rate than its historical performance. This positive outlook, combined with the earnings beat, is likely driving the stock's significant pre-market rally.