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BGC Partners, Inc. Message Board

  • davidachman davidachman May 21, 2013 1:04 PM Flag

    Hoping they can deliver an upside earnins surprise in Q2

    That's what I think it will take to get this stock moving. In the last couple CC's Howard Lutnick has expressed his utter disappointment with the low stock price. Hopefully he understands that he has to deliver on the bottomline to get the price trending in the right direction. They lowered guidance on the last call now hopefullly things will pick up enough on both sides of the house so that they can deliver a earnings surprise to the upside even a penny or two I think would be significant. Howard said that things are the lowest and slowest in the first qt for profitability and revenue.Hopefully with their cost cutting (50 mill by the end of the year) and a pickup in activity and maybe they bought back some shares (buyback program will increase to 250 mill from 100mill now that sale is approved) they can deliver on the bottomline surprise. I think it is entirely and maybe when they update guidance in June.What I've seen is .13 for qt earnings estimate if they could do .15 or .16 I think that would be huge.

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