Interactive Brokers Falls 2.42% as Major Indexes Also Decline

Interactive Brokers Group shares fell 2.42% to $87.08 in the latest trading session, underperforming the S&P 500, which lost 0.77%. The Dow dropped 0.67%, and the Nasdaq fell 0.92%.

The stock had lost 6.89% over the prior month, while the Finance sector declined 3.48% and the S&P 500 gained 0.96%. Investors are now looking to the company’s earnings report, scheduled for October 15.

Analysts forecast earnings of $0.67 per share for the quarter, up 17.54% from a year earlier, and revenue of $1.85 billion, up 14.92%, according to the article’s consensus estimates. The consensus earnings estimate had not changed over the past month.

For the full year, Zacks consensus estimates call for earnings of $2.68 per share and revenue of $7.31 billion. Those figures represent projected increases of 22.37% and 18.77%, respectively, from the previous year.

Interactive Brokers’ forward price-to-earnings ratio was 33.27, compared with 13.26 for its industry. Its PEG ratio stood at 1.65, versus an industry average of 0.94.