Yahoo Finance BGC Group First Quarter 2024 Earnings: EPS: US$0.10 (vs US$0.051 in 1Q 2023)
BGC Group (NASDAQ:BGC) First Quarter 2024 Results
Key Financial Results
Revenue: US$558.5m (up 8.0% from 1Q 2023).
Net income: US$49.2m (up 159% from 1Q 2023).
Profit margin: 8.8% (up from 3.7% in 1Q 2023).
EPS: US$0.10 (up from US$0.051 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BGC Group Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 3.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 4 warning signs for BGC Group you should be aware of, and 1 of them is a bit concerning.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
