Interactive Brokers Q4: Earnings Beat Expectations, Customer Accounts And Trading Volume Soar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2025
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Source: Benzinga
Strong Financial Performance: Interactive Brokers reported better-than-expected fourth-quarter results, with sales of $1.387 billion and a 37% increase in commission revenue year-over-year, driven by higher trading volumes. Adjusted EPS was $2.03, surpassing the consensus estimate of $1.79.
Growth in Customer Accounts: The company saw a 30% growth in customer accounts to 3.34 million and a 33% rise in customer equity to $568.2 billion, while also declaring a quarterly cash dividend of $0.25 per share.
Analyst Views on KONG
Wall Street analysts forecast KONG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KONG is USD with a low forecast of USD and a high forecast of 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.
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Current: 31.252
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Current: 31.252
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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.
