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LPL Financial (LPLA)
NASDAQ:LPLA
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.96Last Year’s EPS
$3.51Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 24.33%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call showcased strong financial performance with record asset growth, successful acquisitions, and high retention rates. However, the increase in regulatory expenses and interest expenses were noted as challenges. Overall, the positive highlights significantly outweigh the lowlights, indicating a strong position for future growth.Company Guidance
During LPL Financial Holdings Inc.'s Q3 2024 earnings call, the company provided robust guidance and key metrics highlighting their financial and strategic achievements. Total assets reached a record $1.6 trillion, with organic net new assets amounting to $27 billion, showcasing a 7% annualized growth rate. Over the past 12 months, nearly $100 billion in organic net new assets were added, reflecting an 8% growth rate. The firm's adjusted EPS stood at $4.16, bolstered by strong business performance. LPL's recruited assets for Q3 were $26 billion, contributing to a record $87 billion for the trailing 12 months. The company is also preparing to onboard Prudential Financial and Wintrust Financial, which will add approximately $76 billion in assets by early 2025. Additionally, LPL recently closed the acquisition of Atria Wealth Solutions, with a retention target of 80% for its approximately 2,200 advisers and 160 institutions. Asset retention remained high at 98% over the last year, illustrating LPL's commitment to enhancing the adviser experience through new capabilities and technology advancements.Record Total Assets
Total assets increased to a record $1.6 trillion with organic net new assets of $27 billion, representing a 7% annualized growth rate.
Strong Financial Performance
Adjusted EPS was $4.16, demonstrating solid financial results.
Successful Acquisition and Growth
Closed the acquisition of Atria Wealth Solutions, adding approximately 2,200 advisers and 160 institutions, with retention on track at 80%.
High Asset Retention Rate
Asset retention remained industry-leading at 98% over the last 12 months.
Record Recruiting in Traditional Independent Market
Reached a new quarterly high of approximately $23 billion in recruited assets.
Increased Run-rate EBITDA Expectations
Run rate EBITDA benefit from Atria now expected to be approximately $150 million, up from $140 million. Prudential's run rate EBITDA increased to $70 million from $60 million.
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LPLA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LPLA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $263.77 | $281.91 | +6.88% |
| Jul 25, 2024 | $238.61 | $220.69 | -7.51% |
| Apr 30, 2024 | $268.16 | $264.54 | -1.35% |
| Feb 01, 2024 | $239.33 | $250.02 | +4.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LPL Financial (LPLA) report earnings?
LPL Financial (LPLA) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is LPL Financial (LPLA) earnings time?
LPL Financial (LPLA) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LPLA EPS forecast?
LPLA EPS forecast for the fiscal quarter 2024 (Q4) is $3.96.
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