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What's in the Cards for TD Ameritrade (AMTD) in Q4 Earnings?
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TD Ameritrade Holding Corporation (AMTD - Free Report) is scheduled to report fourth quarter and fiscal 2019 results, after market close on Oct 21. The company’s revenues and earnings are expected to have grown year over year.
This Omaha-based investment broker has an impressive earnings surprise history, having topped the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 5.7%.
It witnessed net interest margin expansion in third-quarter fiscal 2019, which led to higher revenues. Also, average client trades per day increased, indicating improvement in trading activity. However, elevated expenses posed a concern.
TD Ameritrade Holding Corporation Price and EPS Surprise
Now let’s have a look at the factors that might have driven fiscal fourth-quarter earnings:
Muted interest revenues: Due to lower interest rates, margin pressure for TD Ameritrade might have increased in the quarter. Thus, its interest revenues are likely to have declined. However, higher year-over-year average interest earnings assets, as reported in monthly metrics report for the first two months of the quarter, are likely to have provided some support.
Client asset growth: TD Ameritrade’s monthly metrics report reflects rise in client assets for July and August on a year-over-year basis. Thus, despite a challenging operating backdrop in the to-be-reported quarter, the broker’s fee-based revenues are expected to have witnessed a modest improvement.
The Zacks Consensus Estimate for TD Ameritrade’s client assets of $1.35 billion suggests 3.7% rise from the year-ago reported number.
Higher expenses: TD Ameritrade’s expenses are likely to have increased during the quarter on account of ongoing investments in technology.
Earnings Whispers
Our quantitative model doesn’t conclusively predict an earnings beat for TD Ameritrade this time around. The combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better increases the odds of an earnings beat, which is not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP for TD Ameritrade is 0.00%.
Zacks Rank: The stock currently carries a Zacks Rank #5 (Strong Sell).
The Zacks Consensus Estimate for earnings for the quarter is 97 cents, which suggests improvement of 5.4% from the year-ago reported number. Also, the consensus estimate for sales of $1.47 billion indicates 5% growth.
The Earnings ESP for Cullen/Frost Bankers, Inc. (CFR - Free Report) is +0.28% and it also carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Oct 24.
The Earnings ESP for BancorpSouth Bank is +2.61%, and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Oct 21.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
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What's in the Cards for TD Ameritrade (AMTD) in Q4 Earnings?
TD Ameritrade Holding Corporation (AMTD - Free Report) is scheduled to report fourth quarter and fiscal 2019 results, after market close on Oct 21. The company’s revenues and earnings are expected to have grown year over year.
This Omaha-based investment broker has an impressive earnings surprise history, having topped the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 5.7%.
It witnessed net interest margin expansion in third-quarter fiscal 2019, which led to higher revenues. Also, average client trades per day increased, indicating improvement in trading activity. However, elevated expenses posed a concern.
TD Ameritrade Holding Corporation Price and EPS Surprise
TD Ameritrade Holding Corporation price-eps-surprise | TD Ameritrade Holding Corporation Quote
Now let’s have a look at the factors that might have driven fiscal fourth-quarter earnings:
Muted interest revenues: Due to lower interest rates, margin pressure for TD Ameritrade might have increased in the quarter. Thus, its interest revenues are likely to have declined. However, higher year-over-year average interest earnings assets, as reported in monthly metrics report for the first two months of the quarter, are likely to have provided some support.
Client asset growth: TD Ameritrade’s monthly metrics report reflects rise in client assets for July and August on a year-over-year basis. Thus, despite a challenging operating backdrop in the to-be-reported quarter, the broker’s fee-based revenues are expected to have witnessed a modest improvement.
The Zacks Consensus Estimate for TD Ameritrade’s client assets of $1.35 billion suggests 3.7% rise from the year-ago reported number.
Higher expenses: TD Ameritrade’s expenses are likely to have increased during the quarter on account of ongoing investments in technology.
Earnings Whispers
Our quantitative model doesn’t conclusively predict an earnings beat for TD Ameritrade this time around. The combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better increases the odds of an earnings beat, which is not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Earnings ESP for TD Ameritrade is 0.00%.
Zacks Rank: The stock currently carries a Zacks Rank #5 (Strong Sell).
The Zacks Consensus Estimate for earnings for the quarter is 97 cents, which suggests improvement of 5.4% from the year-ago reported number. Also, the consensus estimate for sales of $1.47 billion indicates 5% growth.
Stocks That Warrant a Look
Huntington Bancshares Incorporated (HBAN - Free Report) has an Earnings ESP of +0.60% and has a Zacks Rank of 3. It is slated to report quarterly results on Oct 24. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Earnings ESP for Cullen/Frost Bankers, Inc. (CFR - Free Report) is +0.28% and it also carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Oct 24.
The Earnings ESP for BancorpSouth Bank is +2.61%, and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Oct 21.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.
See 7 breakthrough stocks now>>