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E*TRADE in 1Q18: Expected Earnings per Share and Revenues

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Mar. 27 2018, Published 2:04 p.m. ET

Earnings in 1Q18

Wall Street analysts have given a high estimate of $0.82 for 1Q18 earnings per share or EPS from E*TRADE Financial Corporation (ETFC) and a low estimate of $0.67. They’ve given an average estimate of $0.75, which implies a substantial rise on a YoY (year-over-year) basis. The company witnessed a substantial rise in its daily average revenue trades or DARTs in February 2018 on a YoY basis, which could positively impact the trading revenues.

E*TRADE’s 1Q18 results are expected to witness upward momentum, mainly because it provides 24-hour trading to its customers. As a result of this move, the company might witness a rise in trading volumes, leading to a rise in trading revenues.

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Revenues in 1Q18

Wall Street analysts have given a high estimate on revenues of $0.69 billion on E*TRADE and a low estimate of $0.64 billion for 1Q18 (which ends in March 2018). However, an average estimate is $0.66 billion, implying an increase YoY. In comparison, its peers (XLF) The Charles Schwab Corporation (SCHW), TD Ameritrade Holding Corporation (AMTD), and Interactive Brokers Group (IBKR) have an average estimate on revenues of $2.35 billion, $1.33 billion, and $0.45 billion, respectively, for the March quarter.

However, moving forward into 2018, E*TRADE could be benefiting from the rate hikes by the Federal Reserve, gaining attention from market participants.

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