We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Enterprise Financial Services (EFSC) Q2 Earnings
Read MoreHide Full Article
Enterprise Financial Services (EFSC - Free Report) reported $156.02 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.7%. EPS of $1.21 for the same period compares to $1.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $153.41 million, representing a surprise of +1.70%. The company delivered an EPS surprise of +14.15%, with the consensus EPS estimate being $1.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Enterprise Financial Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 60.3% versus 61.3% estimated by three analysts on average.
Net Interest Margin: 4.2% versus 4.1% estimated by three analysts on average.
Total nonperforming loans: $39.38 million versus the two-analyst average estimate of $38.28 million.
Average Balance - Total interest earning assets: $13.68 billion versus the two-analyst average estimate of $13.74 billion.
Net charge-offs to average loans: 0% versus 0.2% estimated by two analysts on average.
Total Noninterest Income: $15.49 million versus the three-analyst average estimate of $16.32 million.
Net Interest Income: $140.53 million compared to the $137.43 million average estimate based on two analysts.
Deposit service charges: $4.54 million compared to the $4.75 million average estimate based on two analysts.
Tax credit income: $1.87 million versus the two-analyst average estimate of $1.50 million.
Net interest income (FTE): $142.58 million versus the two-analyst average estimate of $138.85 million.
Wealth management income: $2.59 million versus $2.78 million estimated by two analysts on average.
Shares of Enterprise Financial Services have returned +23.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Enterprise Financial Services (EFSC) Q2 Earnings
Enterprise Financial Services (EFSC - Free Report) reported $156.02 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.7%. EPS of $1.21 for the same period compares to $1.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $153.41 million, representing a surprise of +1.70%. The company delivered an EPS surprise of +14.15%, with the consensus EPS estimate being $1.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Enterprise Financial Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 60.3% versus 61.3% estimated by three analysts on average.
- Net Interest Margin: 4.2% versus 4.1% estimated by three analysts on average.
- Total nonperforming loans: $39.38 million versus the two-analyst average estimate of $38.28 million.
- Average Balance - Total interest earning assets: $13.68 billion versus the two-analyst average estimate of $13.74 billion.
- Net charge-offs to average loans: 0% versus 0.2% estimated by two analysts on average.
- Total Noninterest Income: $15.49 million versus the three-analyst average estimate of $16.32 million.
- Net Interest Income: $140.53 million compared to the $137.43 million average estimate based on two analysts.
- Deposit service charges: $4.54 million compared to the $4.75 million average estimate based on two analysts.
- Tax credit income: $1.87 million versus the two-analyst average estimate of $1.50 million.
- Net interest income (FTE): $142.58 million versus the two-analyst average estimate of $138.85 million.
- Wealth management income: $2.59 million versus $2.78 million estimated by two analysts on average.
View all Key Company Metrics for Enterprise Financial Services here>>>Shares of Enterprise Financial Services have returned +23.6% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.