PREVIEW: Interactive Brokers stock rises ahead of earnings

Interactive Brokers Group IBKR.O shares climbing 0.5% and trading near record highs on Thurs ahead of qtrly results after the bell

Stock on Wed hit an intraday record high of $60.38. Last at $59.66 on Thurs

Analysts expect a 5% increase in rev to $1.36 bln, per LSEG data. Adjusted EPS seen at $0.46 vs $0.44 yr-ago

IBKR stock recently at 30 times expected earnings, per LSEG, suggesting it might be overvalued compared to its avg forward PE of 20 over past five years

Stock has rallied about 35% YTD, outperforming Nasdaq .IXIC's 8% rise

IBKR Chairman Thomas Peterffy on June 5 called 24-hour trading a genie that is hard to put back in the bottle, saying he expects it to account for up to 30% of IBKR's volume in next 20 yrs