In its upcoming report, Interactive Brokers Group, Inc. (IBKR) is predicted by Wall Street analysts to post quarterly earnings of $0.66 per share, reflecting an increase of 15.8% compared to the same period last year. Revenues are forecasted to be $1.83 billion, representing a year-over-year increase of 13.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Interactive Brokers metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Average interest-earning assets' should come in at $239.86 billion. The estimate compares to the year-ago value of $183.75 billion.
Analysts expect 'Customer Statistics - Total Customer DARTs' to come in at 4.27 million. Compared to the current estimate, the company reported 3.62 million in the same quarter of the previous year.
It is projected by analysts that the 'Other fees and services' will reach $88.24 million. The estimate compares to the year-ago value of $66.00 million.
The consensus estimate for 'Total non-interest income' stands at $707.14 million. Compared to the current estimate, the company reported $688.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Commissions' will likely reach $588.90 million. Compared to the current estimate, the company reported $537.00 million in the same quarter of the previous year.
Analysts predict that the 'Other income' will reach $30.00 million. Compared to the present estimate, the company reported $85.00 million in the same quarter last year.
The consensus among analysts is that 'Total net interest income' will reach $1.12 billion. Compared to the current estimate, the company reported $967.00 million in the same quarter of the previous year.
View all Key Company Metrics for Interactive Brokers here>>>Shares of Interactive Brokers have experienced a change of -3.8% in the past month compared to the +2.4% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), IBKR is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
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).