We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
Read MoreHide Full Article
StoneX Group Inc. (SNEX - Free Report) shares ended the last trading session 3.9% higher at $135.73. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.6% gain over the past four weeks.
StoneX retained its rally for the eighth straight day, driven by its highly diversified and vertically integrated financial services platform. The company combines execution, clearing, custody, settlement, risk management, market intelligence, physical trading and payment services within a single global network. This broad offering enables clients to access nearly all major financial markets through one trusted partner. With operations spanning more than 180 countries and serving more than 80,000 commercial and institutional clients, StoneX benefits from extensive geographic reach, deep market expertise and a strong client-centric approach that differentiates it from larger banking institutions.
The company operates one of the largest non-bank futures commission merchant platforms in the United States, maintains access to more than 40 derivatives exchanges and around 185 foreign exchange markets, and supports clients through advanced proprietary technology and digital platforms. Its strong regulatory framework, diversified revenue streams, extensive correspondent banking network and strategic acquisitions enhance scale, liquidity, and competitive advantage.
This company is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +40.7%. Revenues are expected to be $1.32 billion, up 28.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For StoneX Group, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SNEX going forward to see if this recent jump can turn into more strength down the road.
StoneX Group is a member of the Zacks Financial - Miscellaneous Services industry. One other stock in the same industry, Marathon Digital Holdings, Inc. (MARA - Free Report) , finished the last trading session 4% higher at $14.64. MARA has returned 13.2% over the past month.
For Marathon Digital, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.44. This represents a change of +45.7% from what the company reported a year ago. Marathon Digital currently has a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
StoneX Group (SNEX) Soars 3.9%: Is Further Upside Left in the Stock?
StoneX Group Inc. (SNEX - Free Report) shares ended the last trading session 3.9% higher at $135.73. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.6% gain over the past four weeks.
StoneX retained its rally for the eighth straight day, driven by its highly diversified and vertically integrated financial services platform. The company combines execution, clearing, custody, settlement, risk management, market intelligence, physical trading and payment services within a single global network. This broad offering enables clients to access nearly all major financial markets through one trusted partner. With operations spanning more than 180 countries and serving more than 80,000 commercial and institutional clients, StoneX benefits from extensive geographic reach, deep market expertise and a strong client-centric approach that differentiates it from larger banking institutions.
The company operates one of the largest non-bank futures commission merchant platforms in the United States, maintains access to more than 40 derivatives exchanges and around 185 foreign exchange markets, and supports clients through advanced proprietary technology and digital platforms. Its strong regulatory framework, diversified revenue streams, extensive correspondent banking network and strategic acquisitions enhance scale, liquidity, and competitive advantage.
This company is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +40.7%. Revenues are expected to be $1.32 billion, up 28.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For StoneX Group, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SNEX going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
StoneX Group is a member of the Zacks Financial - Miscellaneous Services industry. One other stock in the same industry, Marathon Digital Holdings, Inc. (MARA - Free Report) , finished the last trading session 4% higher at $14.64. MARA has returned 13.2% over the past month.
For Marathon Digital, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.44. This represents a change of +45.7% from what the company reported a year ago. Marathon Digital currently has a Zacks Rank of #3 (Hold).