Seacoast Banking Corporation of Florida Just Missed EPS By 6.3%: Here's What Analysts Think Will Happen Next

Yahoo

27-04-2025

It's been a good week for Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shareholders, because the company has just released its latest first-quarter results, and the shares gained 3.4% to US$23.73. It was a pretty mixed result, with revenues beating expectations to hit US$141m. Statutory earnings fell 6.3% short of analyst forecasts, reaching US$0.37 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Seacoast Banking Corporation of Florida after the latest results.
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Following the latest results, Seacoast Banking Corporation of Florida's five analysts are now forecasting revenues of US$588.3m in 2025. This would be a notable 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 12% to US$1.67. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$580.4m and earnings per share (EPS) of US$1.67 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for Seacoast Banking Corporation of Florida
There were no changes to revenue or earnings estimates or the price target of US$28.50, suggesting that the company has met expectations in its recent result. 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$32.00 per share, while the most bearish prices it at US$26.00. This is a very narrow spread of estimates, implying either that Seacoast Banking Corporation of Florida is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
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. It's clear from the latest estimates that Seacoast Banking Corporation of Florida's rate of growth is expected to accelerate meaningfully, with the forecast 22% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 15% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.1% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Seacoast Banking Corporation of Florida to grow faster than the wider industry.
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$28.50, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Seacoast Banking Corporation of Florida going out to 2026, and you can see them free on our platform here.
You can also view our analysis of Seacoast Banking Corporation of Florida's balance sheet, and whether we think Seacoast Banking Corporation of Florida is carrying too much debt, for free on our platform here.
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