In the latest close session, Interactive Brokers Group, Inc. (IBKR) was down 3.17% at $69.40. This change lagged the S&P 500's daily loss of 0.94%. At the same time, the Dow lost 0.83%, and the tech-heavy Nasdaq lost 1.02%.
Shares of the company witnessed a loss of 4.78% over the previous month, trailing the performance of the Finance sector with its loss of 2.41%, and the S&P 500's loss of 1.3%.
The investment community will be paying close attention to the earnings performance of Interactive Brokers Group, Inc. in its upcoming release. On that day, Interactive Brokers Group, Inc. is projected to report earnings of $0.57 per share, which would represent year-over-year growth of 21.28%. At the same time, our most recent consensus estimate is projecting a revenue of $1.61 billion, reflecting a 15.22% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $2.35 per share and a revenue of $6.53 billion, demonstrating changes of +7.31% and +6.11%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Interactive Brokers Group, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Interactive Brokers Group, Inc. currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Interactive Brokers Group, Inc. has a Forward P/E ratio of 30.5 right now. This valuation marks a premium compared to its industry average Forward P/E of 13.31.
Investors should also note that IBKR has a PEG ratio of 2.01 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Financial - Investment Bank industry was having an average PEG ratio of 1.06.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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