TD Ameritrade Holding Earnings: Here’s Why Investors Like These Results

TD Ameritrade Holding Corporation (NASDAQ:AMTD) delivered a profit and beat 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 up 3.65%.

TD Ameritrade Holding Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.86% to $0.33 in the quarter versus EPS of $0.28 in the year-earlier quarter.

Revenue: Rose 8.39% to $725 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TD Ameritrade Holding Corporation reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.31. It beat the average revenue estimate of $705.79 million.

Quoting Management: “TD Ameritrade had a strong third quarter in virtually all metrics, as we continue to execute well against our growth strategy while being disciplined on expenses,” said Fred Tomczyk, president and chief executive officer. “We had record interest rate sensitive assets, record net revenues and record market fee-based revenue during the quarter. We are encouraged by the increase in the yield curve and the more positive trends we’re seeing in terms of retail investor sentiment.”

Key Stats (on next page)…

Revenue increased 6.46% from $681 million in the previous quarter. EPS increased 26.92% from $0.26 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.28 to a profit $0.29. For the current year, the average estimate has moved up from a profit of $1.10 to a profit of $1.12 over the last ninety days.

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