Bgc Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Bgc

01/11/2024 03:43

* Bgc Group Inc  BGC.OQ  reported quarterly adjusted
earnings of
26 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 19 cents.  The lone analyst forecast for the quarter was
for earnings of 23 cents per share. 
    * Revenue rose 16.2% to $561.11 million from a year ago;
analysts
expected $543.00 million. 
    * Bgc Group Inc shares had risen by 4.0% this quarter and
gained 32.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the investment
banking
& brokerage services peer group is also "buy"

Wall Street's median 12-month price target for Bgc Group Inc is
$11.50 
This summary was machine generated from LSEG data November 1 at
03:42 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.23           0.26           Beat
 Jun. 30 2024      0.23           0.23           Met
 Mar. 31 2024      0.25           0.25           Met
 Dec. 31 2023      0.20           0.21           Beat