Recap: StoneX Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
StoneX Group (NASDAQ:SNEX) reported Q4 earnings with an EPS of $2.51, beating estimates by 11.06% and showing a revenue increase of $194.60 million year-over-year. The company has a history of surpassing EPS estimates, which in the past has led to a share price increase the following day.
November 15, 2023 | 9:25 pm
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StoneX Group reported a strong Q4 with an EPS beat of 11.06% and significant revenue growth compared to last year. Historically, positive earnings results have led to a share price increase the next day.
Given StoneX Group's history of beating EPS estimates and the subsequent positive market reaction, it is likely that the stock will experience a short-term price increase. The reported earnings beat and revenue growth are significant indicators of the company's strong performance, which typically resonates well with investors.
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