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BGC Group (BGC)
NASDAQ:BGC
Holding BGC?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.25Last Year’s EPS
$0.21Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -8.19%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted BGC's strong financial performance, record revenues, and strategic acquisitions poised to enhance future growth. Despite increased expenses and slight challenges in FMX market share, the outlook remains positive with significant growth expected from recent acquisitions.Company Guidance
During the BGC Group's Q3 2024 earnings call, the company provided optimistic guidance for the upcoming quarter, anticipating total revenue to range between $545 million and $595 million, marking an over 11% growth from the previous year's fourth quarter. The call highlighted several key metrics, including record third-quarter revenues of $561.1 million, a 16% increase year-over-year, with brokerage revenues up by 15.1% to $500.6 million. Other notable metrics included a 19.6% rise in rates revenues to $174.3 million and ECS revenues growing by 21.3% to $112.9 million. Fenics revenues also improved by 13.3% to $142.1 million. The company expects pretax adjusted earnings to fall between $122 million and $138 million, aiming for a 17% earnings growth for the full year 2024. Furthermore, BGC's recent acquisitions, expected to add over $450 million in annual revenues, are anticipated to be immediately accretive, enhancing the company's growth trajectory.Record Third Quarter Revenues
BGC delivered record third quarter revenues of $561 million, up 16% compared to last year, with pretax adjusted earnings up more than 24%.
Strong Performance Across Asset Classes
Total brokerage revenues grew by 15.1% to $500.6 million. Rates revenues increased by 19.6%, ECS revenues grew by 21.3%, and foreign exchange revenues improved by 15.4%.
Acquisitions to Boost Revenue
Acquired OTC Global Holdings and Sage Energy Partners, expected to add more than $450 million in annual revenues and be immediately accretive.
FMX Platform Success
FMX UST generated record daily average volume of $53 billion, and FMX FX average daily volumes improved more than 38%.
Improved Geographic Revenue Distribution
Americas revenues increased by 19%, Europe, Middle East and Africa revenues increased by 16.5%, and Asia Pacific revenues increased by 8.3%.
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BGC 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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BGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $9.53 | $9.35 | -1.89% |
| Jul 30, 2024 | $9.25 | $8.89 | -3.89% |
| Apr 30, 2024 | $8.13 | $7.78 | -4.31% |
| Feb 14, 2024 | $7.25 | $7.04 | -2.90% |
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 BGC Group (BGC) report earnings?
BGC Group (BGC) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is BGC Group (BGC) earnings time?
BGC Group (BGC) earnings time is at Mar 03, 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 BGC EPS forecast?
BGC EPS forecast for the fiscal quarter 2024 (Q4) is $0.25.
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