Wall Street analysts forecast that Interactive Brokers Group, Inc. (IBKR) will report quarterly earnings of $1.91 per share in its upcoming release, pointing to a year-over-year increase of 16.5%. It is anticipated that revenues will amount to $1.41 billion, exhibiting an increase of 17.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
With that in mind, let's delve into the average projections of some Interactive Brokers metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts expect 'Customer Statistics - Total Accounts' to come in at 3.67 million. The estimate is in contrast to the year-ago figure of 2.75 million.
The consensus estimate for 'Average interest-earning assets' stands at $150.70 billion. Compared to the present estimate, the company reported $126.97 billion in the same quarter last year.
Analysts predict that the 'Customer Statistics - Customer Equity' will reach 606.15 billion. The estimate is in contrast to the year-ago figure of 465.9 billion.
Analysts forecast 'Other fees and services' to reach $71.46 million. Compared to the present estimate, the company reported $59 million in the same quarter last year.
The consensus among analysts is that 'Commissions' will reach $501.92 million. Compared to the current estimate, the company reported $379 million in the same quarter of the previous year.
The average prediction of analysts places 'Total net interest income' at $812.94 million. Compared to the present estimate, the company reported $747 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Interest income' of $1.73 billion. Compared to the current estimate, the company reported $1.76 billion 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 -0.3% in the past month compared to the -5.3% 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 >>>>
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This article originally published on Zacks Investment Research (zacks.com).
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