Charles Schwab(US:SCHW) ZACKSยท2024-10-15 13:40Earnings Performance - The company reported quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.75 per share, representing a 2.67% earnings surprise [1] - This compares to earnings of $0.77 per share a year ago, with figures adjusted for non-recurring items [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [1] Revenue Performance - The company posted revenues of $4.85 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.95% [1] - This compares to year-ago revenues of $4.61 billion [1] - The company has topped consensus revenue estimates three times over the last four quarters [1] Stock Performance - The company's shares have lost about 1.4% since the beginning of the year, underperforming the S&P 500's gain of 22.9% [2] - The stock is currently rated Zacks Rank 3 (Hold), indicating it is expected to perform in line with the market in the near future [4] Future Outlook - The current consensus EPS estimate is $0.83 on $4.99 billion in revenues for the coming quarter and $3.06 on $19.22 billion in revenues for the current fiscal year [4] - The estimate revisions trend for the company is mixed, with potential changes following the latest earnings report [4] Industry Context - The company belongs to the Zacks Financial - Investment Bank industry, which is currently in the top 30% of the 250 plus Zacks industries [5] - The top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] Peer Comparison - Robinhood Markets, Inc (HOOD), another company in the same industry, is expected to report quarterly earnings of $0.19 per share, representing a year-over-year change of +311.1% [5] - The consensus EPS estimate for Robinhood has been revised 1.4% lower over the last 30 days [5] - Robinhood's revenues are expected to be $671.73 million, up 43.8% from the year-ago quarter [6]