E*TRADE Financial Corporation (NASDAQ:ETFC) is set to announce second quarter earning results on Thursday 23rd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ETFC to report 2Q20 income of $ 0.76 per share from revenue of $ 676.13 million.
For the full year, analysts anticipate top line of $ 2646.93 million, while looking forward to income of $ 2.83 per share bottom line.
Previous Quarter Performance
E*TRADE Financial Corporation unwinded income for the first quarter of $ 0.82 per share, from the revenue of $ 707.00 million. The quarterly earnings down 24.77 percent while revenues lowered 4.10 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.91 per share from $ 721.62 million in revenue. The bottom line results missed street analysts by $ 0.09 or 9.89 percent, at the same time, top line results fell short of analysts by $ 14.62 million or 2.03 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ETFC was $ 52.71, representing a 104.62 % increase from the 52 week low of $ 25.76 and a 8.01 % decrease over the 52 week high of $ 57.30.
The company has a market capital of $ 11.65 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 50.00 target price.
On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 50.00 target price.
Recent Stock Dividend Announcement
On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.14 per share to holders of record as of the close of business on May 13, 2020, with payment date of May 19, 2020 and ex-dividend date on May 12, 2020.
E*TRADE Financial Corporation, a financial services company, operates in the online brokerage industry. It delivers solutions for traders, investors, advisors, and stock plan administrators and participants. It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; insurance on certain qualifying amounts of customer deposits, and other banking and cash management services; custody solutions to RIAs; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.