In its upcoming report, Interactive Brokers Group, Inc. (IBKR) is predicted by Wall Street analysts to post quarterly earnings of $0.49 per share, reflecting an increase of 11.4% compared to the same period last year. Revenues are forecasted to be $1.41 billion, representing a year-over-year increase of 2.9%.
The current level reflects a downward revision of 2.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Interactive Brokers metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Customer Statistics - Total Accounts' stands at 3.89 million. The estimate compares to the year-ago value of 3.12 million.
Based on the collective assessment of analysts, 'Average interest-earning assets' should arrive at $159.00 billion. The estimate is in contrast to the year-ago figure of $138.71 billion.
Analysts' assessment points toward 'Customer Statistics - Customer Equity' reaching 628.04 billion. The estimate compares to the year-ago value of 541.50 billion.
It is projected by analysts that the 'Other fees and services' will reach $72.12 million. The estimate is in contrast to the year-ago figure of $72.00 million.
Analysts forecast 'Interest income' to reach $1.77 billion. The estimate is in contrast to the year-ago figure of $1.89 billion.
Analysts expect 'Commissions' to come in at $489.67 million. Compared to the current estimate, the company reported $435.00 million in the same quarter of the previous year.
Analysts predict that the 'Total net interest income' will reach $797.01 million. Compared to the current estimate, the company reported $802.00 million in the same quarter of the previous year.
View all Key Company Metrics for Interactive Brokers here>>>
Over the past month, shares of Interactive Brokers have returned +8.3% versus the Zacks S&P 500 composite's +0.4% change. Currently, IBKR carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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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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