StoneX Group Inc SNEX Surpasses Q4 Earnings and Revenue Estimates November 19, 2024
Key highlights from the earnings report include an 18% increase in operating revenues to $920.1 million and a 13% rise in net operating revenues to $454.8 million. The company’s institutional segment showed robust growth, with a 30% increase in revenues, while the self-directed/retail segment saw a 13% rise in operating revenues. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
StoneX Group Reports Record Q4 2024 Results
The StoneX Group name and its trade name “StoneX” carries forward the foundation established by Saul Stone in 1924 to today’s modern how i use the tradingview stock screener to find the best stocks to trade financial services firm. Our platform delivers support throughout the entire lifecycle of a 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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- 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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- 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.
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.
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On the bench Theo McFarland and Ivan Van Zyl both return new zealand dollar to canadian dollar exchange rate convert nzd to the match day squad, and after making his Saracens debut last time out, Fraser Balmain also finds a place amongst the replacements. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. VersaBank’s revenues are expected to be $21.66 million, up 0.8% from the year-ago quarter. Here is a breakdown of the information Stonex Group Inc. presented to its investors.
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.
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 Best time for forex trading stakeholders to the global market through digital platforms, clearing and execution services, and expert advice.