BGC Group Second Quarter 2024 Earnings: EPS: US$0.076 (vs US$0.05 loss in 2Q 2023)

BGC Group (NASDAQ:BGC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$529.2m (up 12% from 2Q 2023).
• Net income: US$36.1m (up from US$19.7m loss in 2Q 2023).
• Profit margin: 6.8% (up from net loss in 2Q 2023).
• EPS: US$0.076 (up from US$0.05 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BGC Group Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for BGC Group that you should be aware of.

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