
Interactive Brokers IBKR.O shares declining 2.9% on Tues ahead of qtrly results after the bell, with focus on growth from its prediction markets platform
The online brokerage platform is expected to report qtrly rev up 13% to $1.61 bln and adj EPS of $0.59 vs $0.51 a yr ago, per LSEG
Chairman Thomas Peterffy said last week he expects growth to accelerate for its prediction markets platform, ForecastEx, with the upcoming US midterm elections
Stock has gained ~11% YTD, outperforming the Nasdaq's .IXIC nearly 1% fall
Stock recently traded at 31x forward earnings, above its five-year avg of 20x, suggesting shares may be overvalued
Ten analysts rate the stock 'buy' or 'strong buy' with a median PT of $82.00