Seacoast Banking Corporation of Florida Just Missed Earnings - But Analysts Have Updated Their Models

It's been a good week for Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shareholders, because the company has just released its latest quarterly 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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After the latest results, the five analysts covering Seacoast Banking Corporation of Florida are now predicting revenues of US$588.3m in 2025. If met, this would reflect a solid 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to climb 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. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for Seacoast Banking Corporation of Florida

The analysts reconfirmed their price target of US$28.50, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Seacoast Banking Corporation of Florida analyst has a price target of US$32.00 per share, while the most pessimistic values it at US$26.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Seacoast Banking Corporation of Florida's past performance and to peers in the same 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 Bottom Line

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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Seacoast Banking Corporation of Florida analysts - going out to 2026, and you can see them free on our platform here.

You can also see whether Seacoast Banking Corporation of Florida is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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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.