BGC Group (BGC) Tops Q3 Earnings and Revenue Estimates

Group 1 - BGC Group reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and up from $0.19 per share a year ago, representing an earnings surprise of 13.04% [1] - The company posted revenues of $561.11 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.34%, compared to year-ago revenues of $482.69 million [2] - BGC Group shares have increased approximately 32.3% since the beginning of the year, outperforming the S&P 500's gain of 21.9% [3] Group 2 - The current consensus EPS estimate for the coming quarter is $0.22 on revenues of $538.9 million, and for the current fiscal year, it is $0.93 on revenues of $2.21 billion [7] - The Zacks Industry Rank for Financial - Investment Bank is currently in the top 16% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]