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Have you been eager to see how The Charles Schwab Corporation (SCHW - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:
Earnings
Schwab came out with earnings per share of 30 cents, in line with the Zacks Consensus Estimate.
A rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Schwab depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable at 30 cents per share over the last 7 days.
Further, Schwab has a decent earnings surprise history. The company delivered positive surprises in two quarters of the prior four quarters.
Overall, the company has a positive earnings surprise of 2.01% in the trailing four quarters.
Revenue Came In Higher Than Expected
Schwab posted net revenues of $1.83 billion, which outpaced the Zacks Consensus Estimate of $1.80 billion. Also, it compared favorably with the year-ago number of $1.57 billion.
Key Statistics:
A steady focus on serving investor needs has helped Schwab’s business grow to $2.62 trillion in client assets as of Jun 30, 2016. The company gathered $26.6 billion of core net new assets in the second quarter 2016.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #5 (Strong Sell) for Schwab. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
How the Market Reacted So Far
Following the earnings release, Schwab shares were up nearly 2% in the pre-trading session. This is in line with what the stock witnessed in the prior-day’s session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.
Check back later for our full write up on this Schwab earnings report!
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Schwab (SCHW) Posts In-Line Q2 Earnings, Revenue Rise
Have you been eager to see how The Charles Schwab Corporation (SCHW - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:
Earnings
Schwab came out with earnings per share of 30 cents, in line with the Zacks Consensus Estimate.
A rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Schwab depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate remained stable at 30 cents per share over the last 7 days.
Further, Schwab has a decent earnings surprise history. The company delivered positive surprises in two quarters of the prior four quarters.
SCHWAB(CHAS) Price and EPS Surprise
SCHWAB(CHAS) Price and EPS Surprise | SCHWAB(CHAS) Quote
Overall, the company has a positive earnings surprise of 2.01% in the trailing four quarters.
Revenue Came In Higher Than Expected
Schwab posted net revenues of $1.83 billion, which outpaced the Zacks Consensus Estimate of $1.80 billion. Also, it compared favorably with the year-ago number of $1.57 billion.
Key Statistics:
A steady focus on serving investor needs has helped Schwab’s business grow to $2.62 trillion in client assets as of Jun 30, 2016.
The company gathered $26.6 billion of core net new assets in the second quarter 2016.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #5 (Strong Sell) for Schwab. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
How the Market Reacted So Far
Following the earnings release, Schwab shares were up nearly 2% in the pre-trading session. This is in line with what the stock witnessed in the prior-day’s session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.
Check back later for our full write up on this Schwab earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>