TD Ameritrade Holding Corporation (AMTD - Free Report) is scheduled to report its fiscal third-quarter 2016 results on Tuesday, Jul 19, before the opening bell.
Though the Omaha-based investment broker’s fiscal second-quarter 2016 (ending March) earnings came in line with the Zacks Consensus Estimate, it improved 8.6% year over year. Results were aided by top-line growth and reduced expenses. Further, the company experienced strong trading activity that was driven by the heightened volatility in the quarter.
Notably, our quantitative model doesn’t call for an earnings beat this time. Here is why:
A stock needs to have the right combination of the two key criteria – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) or at least 2 (Buy) or 3 (Hold) – for increasing chances of an earnings beat. Unfortunately, this is not the case here, as elaborated below.
Zacks ESP: The Earnings ESP for TD Ameritrade is 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate stand at 38 cents.
Zacks Rank: TD Ameritrade’s Zacks Rank #3 increases the predictive power of ESP. However, we also need to have a positive ESP to be confident of a positive earnings surprise.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
TD Ameritrade Holding Corporation (AMTD - Free Report) is scheduled to report its fiscal third-quarter 2016 results on Tuesday, Jul 19, before the opening bell.
Though the Omaha-based investment broker’s fiscal second-quarter 2016 (ending March) earnings came in line with the Zacks Consensus Estimate, it improved 8.6% year over year. Results were aided by top-line growth and reduced expenses. Further, the company experienced strong trading activity that was driven by the heightened volatility in the quarter.
Notably, our quantitative model doesn’t call for an earnings beat this time. Here is why:
A stock needs to have the right combination of the two key criteria – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy) or at least 2 (Buy) or 3 (Hold) – for increasing chances of an earnings beat. Unfortunately, this is not the case here, as elaborated below.
Zacks ESP: The Earnings ESP for TD Ameritrade is 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate stand at 38 cents.
Zacks Rank: TD Ameritrade’s Zacks Rank #3 increases the predictive power of ESP. However, we also need to have a positive ESP to be confident of a positive earnings surprise.
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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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