BGC Partners Inc reports results for the quarter ended in March - Earnings Summary

Bgc

03/05/2023 14:57

* BGC Partners Inc  BGCP.OQ  reported quarterly adjusted
earnings
of 23 cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for earnings of 23 cents
per share.
    * Revenue rose 5.2% to $532.87 million from a year ago;
analysts
expected $535.40 million. 
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * BGC Partners Inc shares had fallen by 15.1% this
quarter and
gained 17.8% so far this year.
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:57 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.23           0.23           Met
 Dec. 31 2022      0.16           0.16           Met
 Sep. 30 2022      0.15           0.16           Beat
 Jun. 30 2022      0.16           0.17           Beat