Skip to main content

StoneX (SNEX) Reports Q2: Everything You Need To Know Ahead Of Earnings

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

SNEX Cover Image

Financial services network StoneX Group (NASDAQ: SNEX) will be reporting results this Wednesday afternoon. Here’s what you need to know.

StoneX reported revenues of $45.27 billion, up 23.8% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates.

Is StoneX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

StoneX Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. StoneX has a history of exceeding Wall Street’s expectations.

Looking at StoneX’s peers in the capital markets segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Goldman Sachs delivered year-on-year revenue growth of 39.5%, beating analysts’ expectations by 23.7%, and Perella Weinberg reported flat revenue, topping estimates by 8.1%. Goldman Sachs traded up 10.2% following the results while Perella Weinberg was also up 15.4%.

Read our full analysis of Goldman Sachs’s results here and Perella Weinberg’s results here.

There has been positive sentiment among investors in the capital markets segment, with share prices up 4.9% on average over the last month. StoneX is down 6.7% during the same time and is heading into earnings with an average analyst price target of $112 (compared to the current share price of $76.09).

WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.

This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

Recent Quotes

View More
Symbol Price Change (%)
AMZN  277.42
-6.60 (-2.32%)
AAPL  309.38
+5.96 (1.96%)
AMD  518.58
+33.94 (7.00%)
BAC  62.90
+0.42 (0.67%)
GOOG  375.35
+2.88 (0.77%)
META  587.94
-2.30 (-0.39%)
MSFT  492.81
+5.16 (1.06%)
NVDA  211.94
+5.30 (2.56%)
ORCL  145.74
+3.89 (2.74%)
TSLA  327.35
+5.27 (1.64%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.