The earnings announcement of The Charles Schwab Corporation (NYSE: SCHW) was made available to investors ahead of the usual market hours, shedding light on the company's performance in the third quarter.
The business closed the quarter with a adjusted income of $0.77 per share, gone beyond the market estimated $0.75 profit per share by $0.02.
Besides that, the revenues for the quarter hitting $4.85 billion, gone beyond street forecasted $4.78 billion by $69.264 million.
The company’s GAAP-based report shows a quarterly net profit of $0.71 per share, which is a 26.8 percent advance from the year-ago quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $0.77 | 0% | 4.85 B | +5.2% |
| Historical Earnings Insight | ||||
| Q2 2024 | $0.73 | -2.7% | 4.69 B | +0.7% |
| Q1 2024 | $0.74 | -20.4% | 4.74 B | -7.3% |
| Q4 2023 | $0.68 | -36.4% | 4.46 B | -18.9% |
| Q3 2023 | $0.77 | -30.0% | 4.61 B | -16.3% |
| Q2 2023 | $0.75 | -22.7% | 4.66 B | -8.6% |
| *Growth on year-over-year basis | ||||
The revenues soared 5.23 percent comparing to the third quarter of preceding year.
SCHW has projected earnings target for Q4 2024 in the range of $0.87 to $0.89 per share. On the other hand financial experts on Wall Street predict revenue of along with earnings of $0.85 per share
The company has made changes to its projected revenue for financial year 2024. The revised forecast now indicates a range of $19.21 to $19.40 billion, as opposed to the previous range of $18.84 to $19.21 billion. However analysts on Wall Street forecast from revenues of $19.25 billion
| Period | Type | Company Outlook |
Analysts Estimate |
Company Vs.* Analysts |
|---|---|---|---|---|
| Q4 2024 | EPS | $0.87~$0.89 | $0.85 | 3.5% |
| FY 2024 | REV | $19.21 B~$19.4 B | $19.25 B | 0.3% |
| *Based on mid-point | ||||
Charles Schwab (SCHW) shares traded as low as $67.54 and as high as $68.35 on a day volume of 7.67 million shares, closed Monday's regular trading session at $67.82, a rise of 0.21 percent.
