Charles Schwab Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Charles Schwab Corporation (NYSE:SCHW) is anticipated to report lower Q4 earnings with an estimate of $0.64 per share compared to $1.09 per share in the previous year. Revenue is also expected to decline to $4.48 billion from $5.5 billion. Despite better-than-expected earnings in Q3, SCHW shares dropped 1.4% recently. Analysts have revised their ratings and price targets, with varying degrees of accuracy and sentiment.
January 17, 2024 | 6:37 am
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Charles Schwab is projected to report lower earnings and revenue for Q4. Analysts have mixed views, with some maintaining positive ratings and others downgrading the stock. The share price recently fell by 1.4%.
The expected decline in earnings and revenue is a negative indicator for short-term stock performance. The recent drop in share price suggests market anticipation of the lower earnings report. Analyst ratings are mixed, but the overall negative earnings outlook is likely to weigh on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100