BGC Partners Earnings: Here’s Why Shares are Down Now
BGC Partners, Inc. (NASDAQ:BGCP) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.48%.
BGC Partners, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 23.53% to $0.13 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 4.8% to $471.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: BGC Partners, Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company missed the mean analyst estimate of $0.13. It beat the average revenue estimate of $466.99 million.
Key Stats (on next page)…
Revenue increased 5.87% from $444.97 million in the previous quarter. EPS increased 8.33% from $0.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.15 to a profit $0.12. For the current year, the average estimate has moved down from a profit of $0.56 to a profit of $0.51 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)