Merchants Bancorp Q1 EPS Forecast $1.16, Revenue $174.3M After 29.5% Surprise Streak

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Merchants Bancorp has delivered 29.5% average earnings surprises over its last two quarters, including a 36% beat in the most recent period, with Q1 EPS forecast at $1.16 on $174.3 million revenue. Shares trade at 10.45x P/E with a 1.68 debt-to-equity ratio and a 3.17 current ratio.

1. Earnings Surprise Performance

Merchants Bancorp has exceeded EPS estimates by an average of 29.5% over the past two quarters, highlighted by a 36% upside in its most recent report, underscoring its ability to outperform consensus targets.

2. Upcoming Quarter Projections

For the quarter ending April 2026, analysts forecast earnings per share of $1.16 and revenue of $174.30 million, setting clear benchmarks for evaluating the company’s near-term performance.

3. Valuation Overview

The stock trades at a price-to-earnings ratio of 10.45, suggesting a modest valuation relative to its earnings power and historical trading multiples.

4. Cash Flow and Profitability Metrics

Despite strong profitability metrics—net margin of 16.02% and return on equity of 13.17%—the enterprise value to operating cash flow ratio stands at -45.00, raising questions about the company’s core cash generation.

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