The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call. StoneX Group Inc. (SNEX Quick QuoteSNEX – Free Report) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.05 per share. VersaBank (VBNK Quick QuoteVBNK – Free Report) , another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended October 2024. StoneX recognizes that our business – and how we choose to operate five indicators to build a trend following strategy it – creates impacts that extend beyond our company to affect our physical environment, our society and the global climate. That’s why we cultivate a culture that emphasizes our commitment to ESG – through good corporate citizenship, diverse perspectives and full transparency.
The StoneX Group name and its trade name «StoneX» carries forward the foundation established by Saul Stone in 1924 to today’s modern financial services firm. Our platform delivers support throughout the entire lifecycle of a avatrade review transaction, from consulting and boots-on-the-ground intelligence, efficient execution, to post-trade clearing, custody and settlement. In 2003, the Company set out to become a leading provider of financial services with the mission to meet the needs of underserved clients in specialized markets. As larger investment banks derisked after the financial crisis by withdrawing from markets, raising their minimums, and narrowing their offerings, the Company was able to occupy the gaps in the marketplace and seize opportunities left behind by these larger firms. Additionally and concurrently, as regulations and capital pressures drove mergers amongst smaller players in the industry, INTL FCStone Inc. became an opportunistic consolidator executing strategic acquisitions across business lines.
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- Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
- Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
- This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -22.9%.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- The company is poised to continue delivering superior service to its clients and returns to shareholders, despite challenges in market volatility.
- StoneX recognizes that our business – and how we choose to operate it – creates impacts that extend beyond our company to affect our physical environment, our society and the global climate.
Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. In its fiscal 2024 fourth quarter, StoneX Group Inc. reported record financial results, including a 51% increase in quarterly net income to $76.7 million and a 48% rise in diluted earnings per share to $2.32. This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -22.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. StoneX Group, which belongs to the Zacks Financial – Miscellaneous Services industry, posted revenues of $920.1 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.19%. The company has topped consensus revenue estimates four times over the last four quarters.
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. A quarter ago, it was expected that this company would post earnings of $1.78 per share when it actually produced earnings of $1.91, delivering a surprise of 7.30%. Looking ahead, StoneX Group Inc.’s management remains optimistic about the company’s expanding global footprint and diversified product offerings. The company is poised to continue delivering superior service to its clients and returns to shareholders, despite challenges in market volatility.
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These acquisitions all served as part of the Company’s transition to a global financial services firm that provides a unified digital platform that offers efficient access and connectivity to all major financial markets around the world. Simultaneously, INTL FCStone Inc. worked with larger institutions to meet their growing need for an institutional-grade partner to help them execute their market strategies and serve their clients. StoneX Group Inc., a Fortune-500 company headquartered in New York City and listed on the Nasdaq Global Select Market, operates a global financial services network that connects various stakeholders to the global market through digital platforms, clearing and execution services, and expert advice.
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The current consensus EPS estimate is $1.94 on $849.2 million in revenues for the coming quarter and $7.45 on $3.24 billion in revenues for the current fiscal year. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Over the last four quarters, the company has surpassed consensus EPS estimates four times. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial – Miscellaneous Services is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.