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BGC Group (BGC)
NASDAQ:BGC
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.25Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -3.06%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a largely positive outlook with record revenues, strong growth across key segments, and successful acquisitions contributing to the company's growth trajectory. However, challenges in credit and equities revenues, as well as initially lower margins for new acquisitions, were noted.Company Guidance
During the fourth quarter earnings call for BGC Group, Inc., comprehensive guidance was provided highlighting several key financial metrics and strategic initiatives. The company achieved record revenues for both the fourth quarter and the full year 2024, with growth rates of 11% and 12%, respectively. Total revenues for the fourth quarter increased by 10.8% to $572.3 million, driven by robust performance in ECS, rates, and foreign exchange businesses. Notably, ECS revenues surged by 28% to $134.1 million, while foreign exchange revenues rose by 21.3% to $93.6 million. Despite a decline in credit and equities revenues, data, network, and post-trade revenues grew by 10.3% to $32.6 million. The company also reported improvements in Fenics revenues, which rose by 8.6% to $142.1 million, largely due to higher electronic volumes and market data revenues. Additionally, BGC's pretax adjusted earnings saw a 16.9% increase to $129.5 million, with post-tax adjusted earnings per share improving by 19% to $0.25. Adjusted EBITDA experienced a substantial 26.7% growth, reaching $192 million. Looking ahead to the first quarter of 2025, BGC anticipates generating total revenues between $610 million and $660 million, representing approximately 10% growth at the midpoint of their guidance, with expectations for pretax adjusted earnings to grow by 13% compared to the same period last year.Record-Breaking Revenue and Growth
BGC delivered record fourth quarter and full-year revenues, growing by 11% and 12% respectively, driven by ECS, rates, and foreign exchange businesses.
Successful Acquisition Strategy
Acquisition of Sage Energy Partners contributed significantly to revenue growth, with expectations for OTC Holdings to add more than $450 million of annual revenues.
Strong Performance Across Segments
ECS revenues grew by 28%, foreign exchange revenues by 21.3%, and data, network, and post-trade revenues improved by 10.3%.
Fenics Growth
Fenics revenues improved by 8.6% with Fenics Growth Platforms generating a 20.2% increase, primarily driven by FMX, PortfolioMatch, and Lucera.
Positive Earnings Growth
Pretax adjusted earnings grew by 16.9% to $129.5 million, and post-tax adjusted earnings increased by 21.9%.
Guidance for Continued Growth
First quarter 2025 guidance expects 10% revenue growth and 13% earnings growth, indicating continued positive momentum.
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BGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | $9.47 | $9.32 | -1.58% |
| Oct 31, 2024 | $9.51 | $9.33 | -1.89% |
| Jul 30, 2024 | $9.23 | $8.88 | -3.79% |
| Apr 30, 2024 | $8.11 | $7.76 | -4.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BGC Group (BGC) report earnings?
BGC Group (BGC) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is BGC Group (BGC) earnings time?
BGC Group (BGC) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BGC EPS forecast?
BGC EPS forecast for the fiscal quarter 2025 (Q1) is 0.29.
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