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IBKR — Interactive Brokers News Story

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PREVIEW: Interactive Brokers slips, investors eye prediction market growth

** Interactive Brokers IBKR.O shares declining 2.9% on Tues ahead of qtrly results after the bell, with focus on growth from its prediction markets platform

** The online brokerage platform is expected to report qtrly rev up 13% to $1.61 bln and adj EPS of $0.59 vs $0.51 a yr ago, per LSEG

** Chairman Thomas Peterffy said last week he expects growth to accelerate for its prediction markets platform, ForecastEx, with the upcoming US midterm elections

** Stock has gained ~11% YTD, outperforming the Nasdaq's .IXIC nearly 1% fall

** Stock recently traded at 31x forward earnings, above its five-year avg of 20x, suggesting shares may be overvalued

** Ten analysts rate the stock 'buy' or 'strong buy' with a median PT of $82.00

(Reporting by Noel Randewich)

((noel.randewich@thomsonreuters.com))

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