BGC Partners Earnings Preview: Get Ahead of the Analysts

BGC Partners (NASDAQ:BGCP) will report earnings before markets open on Thursday, May 2nd. BGC Partners, Inc. is a full-service, inter-dealer broker specializing in the trading of over-the-counter (OTC) financial instruments and related derivative products. The Company is active in the global fixed income, rates, foreign exchange, equity derivatives, credit derivatives, futures and structured product markets.

Here is your Cheat Sheet to Bgc Partners Earnings:

Earnings Expectations: Analysts expect earnings of $0.12 per share on revenues of $447.49 million. Currently, the company’s P/E ratio stands at 34.55.

Analyst Trends:

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 $0.16 to a profit $0.14. For the current year, the average estimate is a profit of $0.56, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Bgc Partners has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,229 1,162 1,331 1,465 1,767
Diluted EPS ($) -0.28 0.24 0.24 0.17 0.16

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 355.17 394.96 449.54 440.32 482.18
Diluted EPS ($) 0.0294 0.06 0.01 0.00 0.0476

Past Performance:
Bgc Partners has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]