Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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. While The Charles Schwab Corporation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for The Charles Schwab Corporation? The Charles Schwab Corporation shares have lost about 26.1% since the beginning of the year versus the S&P 500's decline of -19%. 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. The company has topped consensus revenue estimates two times over the last four quarters. This compares to year-ago revenues of $4.53 billion. The Charles Schwab Corporation, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $5.09 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 1.01%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. A quarter ago, it was expected that this company would post earnings of $0.85 per share when it actually produced earnings of $0.77, delivering a surprise of -9.41%. This quarterly report represents an earnings surprise of 6.59%. These figures are adjusted for non-recurring items. This compares to earnings of $0.70 per share a year ago. The Charles Schwab Corporation ( SCHW Quick Quote SCHW - Free Report) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.91 per share.
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