The current consensus EPS estimate is $1.94 on $849.2 million in revenues for the coming quarter and $7.45 on $3.24 billion in revenues for the current fiscal year. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Financial Services
Over the last four quarters, the company has surpassed consensus EPS estimates four times. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial – Miscellaneous Services is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
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There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. A quarter ago, it was expected that this company would post earnings of Wma vs ema $1.78 per share when it actually produced earnings of $1.91, delivering a surprise of 7.30%. Looking ahead, StoneX Group Inc.’s management remains optimistic about the company’s expanding global footprint and diversified product offerings. The company is poised to continue delivering superior service to its clients and returns to shareholders, despite challenges in market volatility.
Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. In its fiscal 2024 fourth quarter, StoneX Group Inc. reported record financial results, including a 51% increase in quarterly net income to $76.7 million and a 48% rise in diluted earnings per share to $2.32. This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -22.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. StoneX Group, which belongs to the Zacks Financial – Miscellaneous Services industry, posted revenues of $920.1 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.19%. The company has topped consensus revenue estimates four times over the last four quarters.
Key highlights from the earnings report include an 18% increase in operating revenues to $920.1 million and a 13% rise in net operating revenues to $454.8 million. The company’s institutional segment showed robust growth, with a 30% increase in revenues, while the self-directed/retail segment saw a 13% rise in operating revenues. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call. StoneX Group Inc. (SNEX Quick QuoteSNEX – Free Report) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.05 per share. VersaBank (VBNK Quick QuoteVBNK – Free Report) , another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended October 2024. StoneX recognizes that our business – and how we choose to operate it – creates impacts that extend beyond our company to affect our physical environment, our society and the global climate. That’s why we cultivate a culture that emphasizes our commitment to ESG – through good corporate citizenship, diverse perspectives and full transparency.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead.
On the bench Theo McFarland and Ivan Van Zyl both return to the match cftc commitments of traders day squad, and after making his Saracens debut last time out, Fraser Balmain also finds a place amongst the replacements. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. VersaBank’s revenues are expected to be $21.66 million, up 0.8% from the year-ago quarter. Here is a breakdown of the information Stonex Group Inc. presented to its investors.
- This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
- That’s why we cultivate a culture that emphasizes our commitment to ESG – through good corporate citizenship, diverse perspectives and full transparency.
- Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
- On the bench Theo McFarland and Ivan Van Zyl both return to the match day squad, and after making his Saracens debut last time out, Fraser Balmain also finds a place amongst the replacements.
- Over the last four quarters, the company has surpassed consensus EPS estimates four times.
These acquisitions all served as part of the Company’s transition to a global financial services firm that provides a unified digital platform that offers efficient access and connectivity to all major financial markets around the world. Simultaneously, INTL FCStone Inc. worked with larger institutions to meet their growing need for an institutional-grade partner to help them execute their market strategies and serve their clients. StoneX Group Inc., a Fortune-500 company headquartered in New York City and listed on the Nasdaq Global Select Market, operates a global financial services network that connects various stakeholders to the global market through digital platforms, clearing and execution services, and expert advice.
Strong Buy Stocks for December, 2024
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