Seacoast Banking Corporation of Florida Just Beat EPS By 10%: Here's What Analysts Think Will Happen Next

Simply Wall St.
30 Jan

Investors in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) had a good week, as its shares rose 5.5% to close at US$28.25 following the release of its full-year results. Revenues US$499m disappointed slightly, at3.0% below what the analysts had predicted. Profits were a relative bright spot, with statutory per-share earnings of US$1.42 coming in 10% above what was anticipated. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Seacoast Banking Corporation of Florida

NasdaqGS:SBCF Earnings and Revenue Growth January 30th 2025

Taking into account the latest results, the current consensus from Seacoast Banking Corporation of Florida's five analysts is for revenues of US$569.8m in 2025. This would reflect a solid 14% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to grow 17% to US$1.67. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$558.5m and earnings per share (EPS) of US$1.60 in 2025. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.

Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of US$30.17, suggesting that the forecast performance does not have a long term impact on the company's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Seacoast Banking Corporation of Florida at US$35.00 per share, while the most bearish prices it at US$27.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Seacoast Banking Corporation of Florida'shistorical trends, as the 14% annualised revenue growth to the end of 2025 is roughly in line with the 15% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 7.3% per year. So although Seacoast Banking Corporation of Florida is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Seacoast Banking Corporation of Florida following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Seacoast Banking Corporation of Florida going out to 2026, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for Seacoast Banking Corporation of Florida you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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