StoneX Group Q1 Adj EPS $2.24 Beats $1.70 Estimate, Sales $784.20M Beat $400.75M Estimate
Portfolio Pulse from saritha@benzinga.com
StoneX Group (NASDAQ:SNEX) reported Q1 adjusted EPS of $2.24, surpassing the $1.70 estimate, a 31.76% beat. Sales reached $784.20M, exceeding the $400.75M estimate by 95.68%, marking a 19.76% increase from the previous year.

February 06, 2024 | 9:23 pm
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StoneX Group reported a significant beat on both earnings and sales estimates for Q1, with adjusted EPS at $2.24 and sales of $784.20M.
The substantial beat on both earnings per share and sales estimates indicates strong financial performance and operational efficiency. This outperformance, especially when significantly surpassing analyst expectations, is likely to instill investor confidence and could lead to a positive short-term impact on SNEX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100