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. StoneX Group Inc. (SNEX Quick QuoteSNEX – Free Report) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.05 per share. VersaBank (VBNK Quick QuoteVBNK – Free Report) , the top 4 simple forex trading strategies that work another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended October 2024. StoneX recognizes that our business – and how we choose to operate it – creates impacts that extend beyond our company to affect our physical environment, our society and the global climate. That’s why we cultivate a culture that emphasizes our commitment to ESG – through good corporate citizenship, diverse perspectives and full transparency.

StoneX Group Reports Record Q4 2024 Results

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.10% per year. These returns cover a period from January 1, 1988 through October 7, 2024.

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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 the 5 stages of team building with activities for each of them investors.

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1. Here is a breakdown of the information Stonex Group Inc. presented to its investors.
2. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
3. The monthly returns are then compounded to arrive at the annual return.
4. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

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.

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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. A quarter ago, it was expected that this company would post earnings of $1.78 per share when it actually produced earnings of $1.91, delivering a surprise of 7.30%. Looking ahead, StoneX Group Inc.’s management remains optimistic about the company’s expanding global footprint and diversified product offerings. The company is poised to continue delivering superior service to its clients and returns to shareholders, despite challenges in market volatility.

Zacks Rank stock-rating system returns are 2019 bentley continental gt v8 drive review computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

The StoneX Group name and its trade name “StoneX” carries forward the foundation established by Saul Stone in 1924 to today’s modern 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.

On the bench Theo McFarland and Ivan Van Zyl both return 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.