OTC Markets Group Inc. (OTCM) got here out with quarterly earnings of $0.60 per share, lacking the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.58 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -14.29%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.60 per share when it truly produced earnings of $0.61, delivering a shock of 1.67%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
OTC Markets Group
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
OTC Markets Group shares have misplaced about 3.3% because the starting of the yr versus the S&P 500’s decline of -5.3%.
What’s Subsequent for OTC Markets Group?
Whereas OTC Markets Group has outperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score device just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for OTC Markets Group: combined. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.54 on $28.05 million in revenues for the approaching quarter and $2.60 on $113.27 million in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as effectively. By way of the Zacks Business Rank, Securities and Exchanges is presently within the prime 15% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the broader Zacks Finance sector, AlTi World, Inc. (ALTI), is but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on March 13.
This firm is predicted to put up quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +133.3%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
AlTi World, Inc.’s revenues are anticipated to be $74.6 million, down 18.7% from the year-ago quarter.
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OTC Markets Group Inc. (OTCM) : Free Stock Analysis Report
AlTi Global, Inc. (ALTI) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
