Interactive Brokers Group, Inc. (IBKR) closed the most recent trading day at $62.21, moving +1.8% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.27%. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.37%.
Coming into today, shares of the company had lost 7.66% in the past month. In that same time, the Finance sector gained 2.38%, while the S&P 500 gained 1.85%.
The investment community will be closely monitoring the performance of Interactive Brokers Group, Inc. in its forthcoming earnings report. On that day, Interactive Brokers Group, Inc. is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 11.36%. Simultaneously, our latest consensus estimate expects the revenue to be $1.4 billion, showing a 2.6% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.96 per share and revenue of $5.68 billion, indicating changes of +11.36% and +8.86%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Interactive Brokers Group, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.13% increase. At present, Interactive Brokers Group, Inc. boasts a Zacks Rank of #1 (Strong Buy).
Investors should also note Interactive Brokers Group, Inc.'s current valuation metrics, including its Forward P/E ratio of 31.18. This denotes a premium relative to the industry average Forward P/E of 16.26.
Meanwhile, IBKR's PEG ratio is currently 2.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Bank was holding an average PEG ratio of 1.58 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 16, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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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