BGC Group Maintains Q4 and 2024 Revenue and Pre-Tax Income Guidance

BGC Group, Inc. BGC has reaffirmed its outlook for the fourth quarter and full year 2024. The outlook includes guidance for revenues and pre-tax adjusted earnings.BGC Group Outlook DetailsRevenues: BGC Group’s total revenues for the fourth quarter of 2024 are expected to be in the range of $545-$595 million. This signifies a year-over-year increase from the prior-year quarter’s $516.8 million.For full-year 2024, the company anticipates the metric to be in the range of $2,235-$2,285 million, an increase from $2,025.4 million in 2023.Further, the company projected the acquisitions of OTC Global Holdings and Sage Energy Partners to add more than $450 million in 2025 revenues.Pre-Tax Adjusted Earnings: BGC’s pre-tax adjusted earnings are anticipated to be in the range of $122–$138 million, implying a rise from the prior-year quarter’s $110.8 million.Also, pre-tax adjusted earnings are expected to be in the range of $510–$526 million for 2024. This indicates an increase from $442.9 million in 2023.BGC’s Zacks Rank & Price PerformanceBGC shares have risen 34%, underperforming the industry’s 38.9% growth over the past year.Image Source: Zacks Investment ResearchCurrently, BGC Group carries a Zacks Rank #3 (Hold).BGC Group's Peer Stocks Worth ConsideringSome better-ranked peer stocks worth a look are Robinhood Markets, Inc. HOOD and Interactive Brokers Group, Inc. IBKR.The Zacks Consensus Estimates for HOOD’s 2024 earnings have been revised 8.1% upward in the past month. The company’s shares have gained 62.8% in the past six months. Currently, HOOD sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimates for IBKR’s 2024 earnings have remained unchanged in the past month. The company’s shares have risen 40.7% in the past six months. At present, IBKR carries a Zacks Rank #2 (Buy).Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BGC Group, Inc. (BGC): Free Stock Analysis Report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks