Interactive Brokers Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Insights - Interactive Brokers Group, Inc. is set to release its third-quarter earnings on October 16, with analysts expecting earnings of 54 cents per share, an increase from 44 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $1.52 billion, up from $1.33 billion a year earlier [1] Recent Developments - On October 15, Interactive Brokers launched Ask IBKR, an AI-powered tool for instant portfolio insights through natural language queries [2] - Following the announcement, Interactive Brokers shares rose by 0.6%, closing at $69.77 [2] Analyst Ratings - Barclays analyst Benjamin Budish maintained an Overweight rating and raised the price target from $73 to $81 [5] - BMO Capital analyst Brennan Hawken initiated coverage with an Outperform rating and a price target of $82 [5] - Piper Sandler analyst Patrick Moley maintained an Overweight rating and increased the price target from $65 to $68 [5] - Citigroup analyst Christopher Allen maintained a Buy rating and raised the price target from $53.75 to $60 [5] - Goldman Sachs analyst James Yaro maintained a Buy rating and increased the price target from $212 to $240 [5]