Financial brokerage and technology company BGC Group (NASDAQ: BGC) will be announcing earnings results this Thursday before market hours. Here’s what to expect.
BGC missed analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $750.2 million, up 41.8% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates and .
Is BGC a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting BGC’s revenue to grow 37.4% year on year to $736.2 million, improving from the 16% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BGC has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by -0.6% on average.
Looking at BGC’s peers in the investment banking & brokerage segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Morgan Stanley delivered year-on-year revenue growth of 18.5%, beating analysts’ expectations by 9.2%, and Jefferies reported revenues up 21.6%, topping estimates by 8.4%. Morgan Stanley traded up 3% following the results while Jefferies was down 1.9%.
Read our full analysis of Morgan Stanley’s results here and Jefferies’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the investment banking & brokerage stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.2% on average over the last month. BGC is up 2.7% during the same time and is heading into earnings with an average analyst price target of $14.50 (compared to the current share price of $9.23).
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