LPL Financial Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

LPL Financial Holdings

31/10/2024 02:36

* LPL Financial Holdings Inc  LPLA.OQ  reported quarterly
adjusted
earnings of $4.16​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $3.74.  The mean expectation of sixteen analysts
for the quarter was for earnings of $3.71 per share. Wall Street
expected results to range from $3.55  to $3.80 per share.
    * Revenue rose 23.2% to $3.11 billion from a year ago;
analysts
expected $3.04 billion. 
    * LPL Financial Holdings Inc's reported EPS for the quarter
was
$3.39​.
    * The company reported quarterly net income of $255.3
million.
    * LPL Financial Holdings Inc shares had risen by 14.2% this
quarter and gained 16.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days, eleven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 4
"hold" and 1 "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 LPL Financial
Holdings Inc is 283.50 
This summary was machine generated from LSEG data October 31 at
02:36 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      3.71           4.16           Beat
 Jun. 30 2024      3.70           3.88           Beat
 Mar. 31 2024      3.81           4.21           Beat
 Dec. 31 2023      3.38           3.51           Beat