BGC Group Expects Q4 Revenue To Be Around High-end Of Previously Stated Outlook Of $450M-$500M (Consensus: $475M), Company Expects Double-digit Revenue And Pre-tax Adjusted Earnings Growth For Q4 And FY23
Portfolio Pulse from Benzinga Newsdesk
BGC Group anticipates Q4 revenue to be near the upper range of its forecasted $450M-$500M, with consensus at $475M. The company also expects double-digit growth in revenue and pre-tax adjusted earnings for both Q4 and the full year of 2023.
December 29, 2023 | 1:12 pm
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POSITIVE IMPACT
BGC Group is expected to report Q4 revenue at the high end of its guidance, which is likely to positively impact investor sentiment due to anticipated double-digit growth in revenue and pre-tax adjusted earnings for Q4 and FY23.
The positive outlook for BGC Group's Q4 revenue and earnings growth is a strong indicator of financial health and operational success. This news is likely to be well-received by the market, potentially leading to a short-term increase in stock price as it aligns with or exceeds analyst expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100