For the quarter ended September 2024, Interactive Brokers Group, Inc. (IBKR) reported revenue of $1.37 billion, up 19.2% over the same period last year. EPS came in at $1.75, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.32 billion, representing a surprise of +3.30%. The company delivered an EPS surprise of -1.69%, with the consensus EPS estimate being $1.78.While investors scrutinize revenue and earnings changes year-over-year and how they com ...

Interactive Brokers Group, Inc. (IBKR) came out with quarterly earnings of $1.75 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.69%. A quarter ago, it was expected that this company would post earnings of $1.69 per share when it actually produced earnings of $1.76, delivering a surprise of 4.14%.Over the last four quarter ...

Financial Performance - GAAP diluted EPS for Q3 2024 was $1.81, up from $1.56 in the year-ago quarter, while adjusted EPS was $1.75 compared to $1.55[1] - Net revenues for Q3 2024 reached $1,365 million, a 19% increase from $1,145 million in the same quarter last year[1][2] - Adjusted net revenues for Q3 2024 were $1.327 billion, up from $1.139 billion in Q3 2023, marking a growth of 16.6%[27] - Adjusted diluted EPS for Q3 2024 was $1.75, compared to $1.55 in Q3 2023, an increase of 12.9%[29] - Net interest income for Q3 2024 was $826 million, compared to $744 million in Q3 2023, reflecting an increase of 11.0%[24] - Adjusted income before income taxes for Q3 2024 was $949 million, compared to $834 million in Q3 2023, reflecting a growth of 13.8%[27] Revenue Sources - Commission revenue increased by 31% to $435 million, driven by a 35% rise in customer trading volume in options[2] - Net interest income rose 9% to $802 million, supported by higher customer margin loans and credit balances[2] Customer Metrics - Customer accounts grew by 28% to 3.12 million, and customer equity surged 46% to $541.5 billion[4] - Total customer DARTs (Daily Average Revenue Trades) rose to 2,703 thousand, a 42% increase from 1,907 thousand year-over-year[22] - Average DARTs per account (annualized) improved to 198, up 10% from 180 in the previous year[22] - Customer margin loans increased to $54.647 billion in Q3 2024, up from $42.853 billion in Q3 2023, a rise of 27.6%[24] - Customer credit balances rose to $106.865 billion in Q3 2024, compared to $95.506 billion in Q3 2023, an increase of 11.9%[24] Operational Metrics - Total Daily Average Revenue Trades (DARTs) increased by 42% to 2.70 million[4] - Executed order volumes for 3Q2024 showed a total of 189,342 orders, a 49% increase compared to 127,375 orders in 3Q2023[18] - Options contracts executed in 3Q2024 reached 344,540, a 34% increase from 256,481 contracts in 3Q2023[19] Expenses and Liabilities - General and administrative expenses increased by 67% to $75 million, primarily due to a one-time charge related to the consolidation of European subsidiaries[3] - Total liabilities increased to $132,448 million, up from $114,356 million, marking a 15.8% rise[16] Equity and Assets - Total equity stood at $16.1 billion as of September 30, 2024[3] - Total assets increased to $148,526 million, up from $128,423 million, representing a growth of 15.7%[16] - Noncontrolling interests increased to $11,918 million, compared to $10,483 million, indicating a growth of 13.7%[16] Dividend and Earnings Strategy - The company declared a quarterly cash dividend of $0.25 per share, payable on December 13, 2024[3] - The currency diversification strategy contributed an increase of $178 million to comprehensive earnings this quarter[5] Interest Metrics - Average interest-earning assets increased to $138.709 billion in Q3 2024, up from $119.906 billion in Q3 2023, representing a growth of 15.7%[24] - Net interest margin (NIM) for Q3 2024 was 2.37%, slightly down from 2.46% in Q3 2023[24] - The annualized yield on customer margin loans was 5.73% in Q3 2024, slightly down from 5.77% in Q3 2023[24] Adjustments - Total non-GAAP adjustments for Q3 2024 amounted to $(38) million, impacting adjusted net revenues and income before income taxes[27]

Core Points - A federal appeals court is fast-tracking the Commodity Futures Trading Commission's (CFTC) case against Kalshi regarding the legality of offering U.S. political election contracts [1][2] - Kalshi and Interactive Brokers are currently offering various political contracts, including bets on the U.S. presidential election and congressional races [1] - The CFTC has expressed concerns that election contracts could be manipulated and may undermine public trust in election integrity [2][3] Legal Proceedings - The CFTC has a tight schedule for legal briefs, with the CFTC required to file by Wednesday and Kalshi to respond by November 15 [1][2] - Oral arguments are expected to be scheduled shortly after the briefs are filed, which is unusual for federal appeals [2] - The CFTC previously lost a lawsuit attempting to block Kalshi from offering congressional control contracts but quickly appealed the ruling [3] Market Activity - Kalshi has resumed offering contracts related to congressional control and the presidential election, with over $7 million booked in contracts for the presidential election outcome as of Monday [4]

Interactive Brokers Group, Inc. (IBKR) is set to report tthird-quarter 2024 results on Oct. 15, after market close. Its earnings and revenues are expected to have improved year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, Interactive Brokers surpassed the Zacks Consensus Estimate. Results benefited from higher total GAAP net revenues, growth in customer accounts and an increase in daily average revenue trades (DARTs). IBKR has a decent ea ...

Core Insights - Analysts project that Interactive Brokers Group, Inc. (IBKR) will report quarterly earnings of $1.78 per share, reflecting a year-over-year increase of 14.8% [1] - Revenue is expected to reach $1.32 billion, marking a 15.4% increase from the same quarter last year [1] - The consensus EPS estimate has been revised 1.4% higher in the last 30 days, indicating a positive reevaluation by analysts [1] Financial Metrics - 'Customer Statistics - Total Accounts' is estimated to reach 2,957.32 thousand, compared to 2.43 million a year ago [2] - 'Average interest-earning assets' are projected at $132.86 billion, up from $119.91 billion in the same quarter last year [2] - 'Customer Statistics - Cleared Customers - Commission per Cleared Commissionable Order' is estimated at $3.09, slightly down from $3.11 a year ago [2] Additional Financial Projections - 'Customer Statistics - Customer Equity' is expected to reach $524.66 billion, up from $369.8 billion in the same quarter last year [3] - 'Other fees and services' are projected at $62.10 million, compared to $52 million a year ago [3] - 'Interest income' is forecasted at $1.79 billion, an increase from $1.64 billion last year [3] - 'Commissions' are expected to be $418.18 million, up from $333 million a year ago [3] - 'Total net interest income' is estimated at $804.24 million, compared to $733 million last year [3] - 'Other income' is projected at -$4.93 million, down from $27 million in the same quarter last year [4] Stock Performance - Over the past month, shares of Interactive Brokers have increased by 21.8%, outperforming the Zacks S&P 500 composite, which rose by 5.9% [4] - Currently, IBKR holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [4]

In the latest market close, Interactive Brokers Group, Inc. (IBKR) reached $147.59, with a -0.66% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The the stock of company has risen by 19.6% in the past month, leading the Finance sector's loss of 4.16% and the S&P 500's gain of 5.41%.The investment community will be closely monitoring the performance of Interactive Brokers Group, ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Interactive Brokers Group, Inc. (IBKR) . This company, which is in the Zacks Financial - Investment Bank industry, shows potential for another earnings beat.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the p ...

Group 1: Zacks Premium and Style Scores - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1] - Zacks Style Scores are complementary indicators that help investors select stocks likely to outperform the market in the next 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score identifies undervalued stocks using ratios like P/E, PEG, and Price/Sales to find attractive investment opportunities [2] - The Growth Score focuses on a company's future prospects by analyzing projected and historical earnings, sales, and cash flow for sustainable growth [3] - The Momentum Score helps investors capitalize on price trends by assessing short-term price changes and earnings estimate shifts [3] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with the best value, growth, and momentum [3] Group 2: Zacks Rank and Stock Selection - The Zacks Rank is a proprietary model based on earnings estimate revisions, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [4] - With over 800 top-rated stocks available, investors may find it challenging to select the right stocks aligned with their goals [4] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B, while also considering the direction of earnings estimate revisions [5] Group 3: Company Profile - Interactive Brokers Group, Inc. - Interactive Brokers Group Inc., established in 1977 and based in Greenwich, CT, operates as a global electronic market maker and broker, executing trades across various financial instruments on over 150 electronic exchanges [6] - The company currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating potential for growth [6] - IBKR is projected to achieve year-over-year earnings growth of 18.6% for the current fiscal year, with an upward revision in earnings estimates for fiscal 2024 [6] - The Zacks Consensus Estimate for IBKR's earnings has increased by $0.01 to $6.82 per share, with an average earnings surprise of 2.1% [6][7]

Group 1 - ForecastEx LLC has launched Forecast Contracts that allow trading on predictions of political outcomes related to the 2024 elections, enabling customers to hedge against uncertainty or profit from political insights [1][2] - The available election events for trading include predictions on Kamala Harris and Donald Trump winning the presidential election, as well as the Democratic Party's chances of winning majorities in both the Senate and House of Representatives [1] - Contract prices range from $0.02 to $0.99, indicating the market's consensus on the likelihood of each outcome, with a price of $0.35 reflecting a 35% probability [1] Group 2 - The payment obligation for each Forecast Contract is fully secured by cash, and 100% of the income earned is distributed monthly to Members as an Incentive Coupon based on their positions [2] - ForecastEx plans to introduce contracts for individual candidates in state elections soon, with a complete list of available contracts accessible on their website [2] - ForecastEx is a subsidiary of Interactive Brokers Group, Inc, which includes other subsidiaries like Interactive Brokers LLC and IB Global Investments LLC, with IB LLC approved to offer Forecast Contracts to its customers [3]