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Surging Earnings Estimates Signal Good News for BGC Partners (BGCP)
October 05, 2017

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BGC Partners which is a brokerage company servicing the financial and real estate markets worldwide could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on BGCP’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that BGC Partners could be a solid choice for investors.

Current Quarter Estimates for BGCP

In the past 30 days, one estimate has gone higher for BGC Partners while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 24 cents a share 30 days ago, to 28 cents today, a move of 8.1%.

Current Year Estimates for BGCP

Meanwhile, BGC Partners’ current year figures are also looking quite promising, with oneestimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 99 cents a share 30 days ago to $1.07 per share today, an increase of 8.1%.

Bottom Line

The stock has also started to move higher lately, adding 20% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1(Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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