Bgc Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Bgc Group Inc BGC.OQ reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of two analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 28 cents to 29 cents per share.

• Revenue rose 14.8% to $664.24 million from a year ago; analysts expected $632.97 million.

• Bgc Group Inc shares had risen by 3.5% this quarter and gained 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the investment banking & brokerage services peer group is "buy."

• Wall Street's median 12-month price target for Bgc Group Inc is $14.50

This summary was machine generated from LSEG data May 7 at 02:06 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)