Group 1 - StoneX Group Inc. (SNEX) has experienced significant selling pressure, resulting in an 11% decline in stock price over the past four weeks, but analysts anticipate better earnings than previously predicted [1] - The stock is currently in oversold territory, indicated by a Relative Strength Index (RSI) reading of 26.74, suggesting a potential trend reversal is imminent [4] - Over the last 30 days, the consensus EPS estimate for SNEX has increased by 7.9%, indicating a positive shift in earnings expectations among sell-side analysts [5] Group 2 - The upward trend in earnings estimate revisions typically correlates with price appreciation in the near term, supporting the case for a potential rebound in SNEX's stock price [5] - SNEX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, further indicating a strong potential for turnaround [5]

Core Points - The article does not provide any specific insights or data related to companies or industries, focusing instead on the author's background and disclaimers [2][3]. Summary by Sections - **Author Background**: The author, Ernest Hoffman, has over 15 years of experience in market news and has established a significant presence in the field, particularly in audio news services [2]. - **Disclaimer**: The article includes a disclaimer stating that the views expressed may not reflect those of Kitco Metals Inc., and emphasizes that the information is for informational purposes only [3].

LONDON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- StoneX Financial Limited (“StoneX Financial”) has entered a commercial clearing partnership with Paris-based agricultural commodity broker Plantureux & Associés SAS. This collaboration reflects a shared commitment to fostering connections within the industry, strengthening StoneX’s position in the European agricultural sector. Brett Phillpott, Head of Exchange Traded Futures and Options at StoneX Financial, said “We are delighted to announce our new association with ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

LONDON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- StoneX Digital International Limited, a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), today has been approved by the Central Bank of Ireland, as a Virtual Asset Service Provider (“VASP”) to operate a digital asset business. The approval marks the latest step in the StoneX Group’s continued global expansion into digital asset services for institutional clients. The StoneX Digital platform will provide execution and custody services, offering deep liquidity and flex ...

Have you been paying attention to shares of StoneX Group Inc. (SNEX) ? Shares have been on the move with the stock up 16.3% over the past month. The stock hit a new 52-week high of $105.58 in the previous session. StoneX Group Inc. has gained 41.6% since the start of the year compared to the 27% move for the Zacks Finance sector and the 23.5% return for the Zacks Financial - Miscellaneous Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it h ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Our " ...

Financial Data and Key Metrics Changes - The fourth quarter of fiscal 2024 saw record net income of $76.7 million, a 51% increase year-over-year, and diluted earnings per share (EPS) of $2.30, up 48% compared to the same period last year [8] - Operating revenues reached $920.1 million, an 18% increase from the prior year, while net operating revenues were up 13% year-over-year but down 3% from the previous quarter [9][10] - Full-year operating revenues totaled $3.4 billion, up 18% from the prior year, with net income at a record $260.8 million, a 9% increase [12] - Return on equity (ROE) for the year was 16.9% on stated book and 17.8% on tangible book value, with book value per share increasing by 21% to $53.62 [12][131] Business Line Data and Key Metrics Changes - Listed derivatives revenue increased by 20% with strong volume growth of 46%, although contract rates decreased by 15% [15] - OTC derivatives revenue fell by 23%, primarily due to a 26% decline in revenue capture, despite a 4% increase in volumes [16] - Securities revenue rose by 34%, driven by a 34% increase in volumes, partially offset by a 3% decline in rate per million [18] - Payments revenue decreased by 11%, attributed to tighter spreads, although volumes increased by 13% [17] - The Institutional segment reported a record quarter with operating revenues up 30% and segment income up 41% [24] Market Data and Key Metrics Changes - The market environment in Q4 was characterized by generally low volatility, impacting revenue capture across most product areas except for foreign exchange and CFDs [13] - The company noted increased client engagement and market share capture, with improved trading conditions expected in the future [14] Company Strategy and Development Direction - The company aims to leverage its broad capabilities and product offerings to capture market share, particularly as larger banks retreat from certain segments [67] - A focus on digitization is evident, with initiatives to enhance client engagement and operational leverage, transitioning from a high-touch to a more digital service model [70][72] - The company is expanding its ecosystem by acquiring businesses and enhancing its product offerings, including a recent acquisition of a physical cotton brokerage [87][99] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the constructive market environment and the potential for improved market volatility, which could benefit the business [132] - The company anticipates accelerated delivery of its platforms in fiscal 2025, aiming to integrate offerings more tightly by client type [133] Other Important Information - The company has seen a significant increase in marketing metrics, with unique visitors up over 100% and new leads generated doubling [95] - The company is actively onboarding new clients, achieving record levels in Q3 2024 [96] Q&A Session Summary Question: What are the expectations for market conditions moving forward? - Management indicated that the current market environment is constructive, with expectations for improved volatility which could positively impact business performance [132] Question: How is the company leveraging technology in its operations? - The company is focused on digitizing its offerings to enhance scalability and margins, with ongoing projects to improve client onboarding and data management [110][120]

StoneX Group Inc. (SNEX) came out with quarterly earnings of $2.34 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.15%. A quarter ago, it was expected that this company would post earnings of $1.78 per share when it actually produced earnings of $1.91, delivering a surprise of 7.30%.Over the last four quarters, the company ...

Record Fiscal Year Results, with Net Income of $260.8 million, up 9% Quarterly Net Operating Revenues of $454.8 million, up 13%   Record Quarterly Net Income of $76.7 million, ROE of 18.5% Quarterly Diluted EPS of $2.32 per share, up 48% NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX), a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to ...