Interactive Brokers Group, Inc. (IBKR) ended the recent trading session at $61.11, demonstrating a +1.58% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.21%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Prior to today's trading, shares of the company had lost 8.72% lagged the Finance sector's gain of 3.47% and the S&P 500's gain of 3.07%.
The upcoming earnings release of Interactive Brokers Group, Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.49, showcasing a 11.36% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.4 billion, reflecting a 2.27% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $5.68 billion. These totals would mark changes of +11.36% and +8.75%, respectively, from last year.
Any recent changes to analyst estimates for Interactive Brokers Group, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Interactive Brokers Group, Inc. possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Interactive Brokers Group, Inc. is presently trading at a Forward P/E ratio of 30.73. Its industry sports an average Forward P/E of 16.18, so one might conclude that Interactive Brokers Group, Inc. is trading at a premium comparatively.
It is also worth noting that IBKR currently has a PEG ratio of 2.45. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Financial - Investment Bank industry had an average PEG ratio of 1.57.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IBKR in the coming trading sessions, be sure to utilize Zacks.com.
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Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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