Interactive Brokers (IBKR) to Announce Q4 Earnings on January 20, EPS Expected to Drop 70.9%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement Date: Interactive Brokers is set to release its Q4 2023 earnings on January 20 after market close, with a consensus EPS estimate of $0.59, reflecting a significant year-over-year decline of 70.9%, indicating profitability challenges ahead.
- Revenue Growth Expectations: Despite the sharp drop in EPS, revenue is expected to reach $1.64 billion, representing an 18.0% year-over-year increase, showcasing the company's ongoing growth in trading volume and client base.
- Historical Performance Review: Over the past two years, Interactive Brokers has beaten EPS estimates 63% of the time and revenue estimates 75% of the time, demonstrating its strong capabilities in market analysis and forecasting.
- Estimate Revision Trends: In the last three months, EPS estimates have seen seven upward revisions with no downward adjustments, while revenue estimates have experienced three upward revisions, indicating growing analyst confidence in the company's future performance.
Analyst Views on IBKR
Wall Street analysts forecast IBKR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBKR is 81.43 USD with a low forecast of 75.00 USD and a high forecast of 91.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 73.680
Low
75.00
Averages
81.43
High
91.00
Current: 73.680
Low
75.00
Averages
81.43
High
91.00
About IBKR
Interactive Brokers Group, Inc. is an automated global electronic broker. The Company custodies and services accounts for hedge and mutual funds, exchange-traded funds (ETFs), registered investment advisors, proprietary trading groups, introducing brokers and individual investors. It specializes in routing orders and executing and processing trades in stocks, options, futures, foreign exchange instruments (forex), bonds, mutual funds, ETFs, precious metals, and forecast contracts on more than 160 electronic exchanges and market centers in 36 countries and 28 currencies around the world. In addition, its customers can use its trading platform to trade certain cryptocurrencies through third-party cryptocurrency service providers that execute, clear and custody the cryptocurrencies. Its trading platforms include IBKR Desktop, IBKR Trader Workstation, IBKR Mobile, IBKR Client Portal and others. Its key product offerings include IBKR Pro, IBKR Lite, and IBKR Universal Account.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
