BGC Partners Inc (NASDAQ: BGCP) has reported E.P.S. of $0.10 for its first fiscal quarter (ending March 31) versus $0.05 for the same period a year ago — an increase of 100%. However, this result fell short of the consensus estimate of $0.29 by $-0.19. E.P.S. were $0.12 for the latest four quarters through March 31 versus $0.12 for the same period a year ago — flat performance.
Recent Price Action
On 4/30/24, BGC Partners Inc (NASDAQ: BGCP) stock declined by -4.3%, closing at $7.83. NORMAL trading volume accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.4% during the last week.
Current PriceTarget Research Rating
BGCP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
BGC Partners has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. BGC Partners has a neutral Appreciation Score of 45 but a very high Power Rating of 95, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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