Interactive Brokers Group, Inc. (IBKR) closed at $97.02 in the latest trading session, marking a -1.19% move from the prior day. This change lagged the S&P 500's 0.02% loss on the day. Elsewhere, the Dow lost 0.21%, while the tech-heavy Nasdaq lost 0.08%.
Coming into today, shares of the company had gained 8.01% in the past month. In that same time, the Finance sector gained 2.27%, while the S&P 500 gained 3.67%.
Market participants will be closely following the financial results of Interactive Brokers Group, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.65, marking a 14.04% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.81 billion, indicating a 12.14% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.69 per share and a revenue of $7.26 billion, representing changes of +22.83% and +18%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Interactive Brokers Group, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Interactive Brokers Group, Inc. is currently a Zacks Rank #2 (Buy).
Digging into valuation, Interactive Brokers Group, Inc. currently has a Forward P/E ratio of 36.5. Its industry sports an average Forward P/E of 14.62, so one might conclude that Interactive Brokers Group, Inc. is trading at a premium comparatively.
One should further note that IBKR currently holds a PEG ratio of 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.04.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).