Earnings estimate missed
TD Ameritrade (AMTD) reported EPS (earnings per share) of $0.73 in fiscal 2Q18, which ended in March 2018, missing analysts’ estimate by $0.01. However, the company’s results were boosted by trading due to increased volatility.
In comparison, in the quarter ended in March 2018, peers (XLF) Charles Schwab (SCHW), Interactive Brokers (IBKR), and E*TRADE Financial (ETFC) reported EPS of $0.55, $0.63, and $0.88, respectively. According to TD Ameritrade, for the rest of fiscal 2018, it will be deploying money towards employee development and innovation to improve customer experience.
Revenue estimates exceeded
In fiscal 2Q18, TD Ameritrade generated revenue of $1.4 billion, beating analysts’ estimate by $40 million. It had net new client assets of ~$22.2 billion. TD Ameritrade chief financial officer Bill Gerber stated that equity markets were highly volatile in fiscal 2Q18 due to tariffs, interest rates, and tax reform, which may have boosted the company’s revenue. The company plans to move forward with the support of technology.
Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!