Home Earnings Preview BGC Partners, Inc. ($BGCP) 3Q20 Earnings Preview

BGC Partners, Inc. ($BGCP) 3Q20 Earnings Preview

BGC Partners, Inc. (NASDAQ:BGCP) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.

According to analysts surveyed by Thomson Reuters, BGCP is expected to report 3Q20 income of $ 0.11 per share from revenue of $ 451.05 million.

For the full year, analysts anticipate top line of $ 2018.95 million, while looking forward to income of $ 0.55 per share bottom line.

The Company Outlook

Revenue for 3Q20 are expected in a range of $ 440.00 million ~ $ 465.00 million

Click Here For More Historical Outlooks Of BGC Partners, Inc.

Previous Quarter Performance

BGC Partners, Inc. revealed income for the second quarter of $ 0.15 per share, from the revenue of $ 519.09 million. The quarterly earnings decreased 11.76 percent compared with the same quarter last year. Wall street analysts are predicting, BGCP to report 2Q20 income of $ 0.15 per share from revenue of $ 522.40 million. The top line results fell short of analysts by $ 3.31 million or 0.63 percent.

Stock Performance

Shares of BGC Partners, Inc. traded low $ -0.03 or -1.18 percent on Tuesday, reaching $ 2.51 with volume of 4.13 million shares. BGC Partners, Inc. has traded high as $ 2.54 and has cracked $ 2.44 on the downward trend

According to the previous trading day, closing price of $ 2.51, representing a 22.71 % increase from the 52 week low of $ 2.07 and a 58.7 % decrease over the 52 week high of $ 6.15.

The company has a market capital of $ 902.68 million and is part of the Financial Services sector and Capital Markets industry.

Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.01 per share on July 29, 2020. The dividend were payable on September 2, 2020 to holders of record as of the close of business on August 19, 2020 and ex-dividend date on August 18, 2020.

Conference Call

BGC Partners, Inc. will be hosting a conference call at 11:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bgcpartners.com

BGC Partners, Inc. operates as a brokerage and financial technology company worldwide. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures.