BGC Partners Inc (NASDAQ: BGC) has reported earnings for its third fiscal quarter (ending September 30) of $0.03 versus $0.03 for the same period a year ago — flat performance. E.P.S. were $0.24 for the latest four quarters through September 30 versus $0.05 for the same period a year ago — an increase of 380%.
Recent Price Action
BGC Partners Inc (NASDAQ: BGC) stock declined modestly by -1.9% on 10/31/24. The stock closed at $9.37. This decline was accompanied by normal trading volume. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BGCP is expected to continue to be a major Value Builder.
BGC Partners has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. BGC Partners has a neutral Appreciation Score of 41 but a very high Power Rating of 88, leading to 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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