What's Next: Charles Schwab's Earnings Preview
Portfolio Pulse from Benzinga Insights
Charles Schwab is set to release its quarterly earnings report on October 15, 2024. Analysts expect an EPS of $0.75. Investors are keen on not just an earnings beat but also positive future guidance. Historically, Schwab's stock price has reacted more to guidance than to earnings beats or misses.
October 14, 2024 | 2:01 pm
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Charles Schwab is expected to announce its quarterly earnings with an anticipated EPS of $0.75. Investors are looking for not just an earnings beat but also positive guidance, which historically has had a significant impact on the stock price.
The article highlights the importance of guidance in Schwab's earnings report, which has historically influenced stock price more than the actual earnings beat or miss. Given the past performance, where even a beat led to a price drop, the market's reaction will likely depend on the guidance provided.
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