BGC(US:BGC) ZACKS·2024-07-30 14:21Company Performance - BGC Group shares have increased by approximately 28.7% since the beginning of the year, outperforming the S&P 500's gain of 14.5% [1] - The company reported quarterly earnings of $0.23 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.20 per share a year ago [2] - BGC Group posted revenues of $550.76 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 1.06% and up from $493.08 million year-over-year [9] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $534.1 million, and for the current fiscal year, it is $0.92 on revenues of $2.2 billion [12] - The consensus EPS estimate for the upcoming report is projected at $0.15, reflecting a year-over-year change of +400%, with a 12.2% upward revision over the last 30 days [13] Industry Context - The Zacks Industry Rank for Financial - Investment Bank is currently in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [6] - The performance of BGC Group's stock may be influenced by the overall industry outlook, as top-ranked industries tend to outperform the bottom-ranked ones by a factor of more than 2 to 1 [6]