LPL Financial Holdings Inc LPLA.OQ reported quarterly adjusted earnings of $4.51 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $3.88. The mean expectation of fourteen analysts for the quarter was for earnings of $4.23 per share. Wall Street expected results to range from $4.14 to $4.43 per share.
Revenue rose 30.8% to $3.84 billion from a year ago; analysts expected $3.73 billion.
LPL Financial Holdings Inc's reported EPS for the quarter was $3.40.
The company reported quarterly net income of $273.25 million.
LPL Financial Holdings Inc shares had risen by 6.4% this quarter and gained 22.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 5.1% in the last three months.
In the last 30 days, ten 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," 2 "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 $443.00, about 9.9% above its last closing price of $399.00
This summary was machine generated from LSEG data July 31 at 09:54 p.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)