U.S. markets open in 1 hour 37 minutes
  • S&P Futures

    4,250.75
    +19.25 (+0.45%)
     
  • Dow Futures

    33,927.00
    +168.00 (+0.50%)
     
  • Nasdaq Futures

    14,341.75
    +78.75 (+0.55%)
     
  • Russell 2000 Futures

    2,312.30
    +12.00 (+0.52%)
     
  • Crude Oil

    72.97
    -0.11 (-0.15%)
     
  • Gold

    1,785.30
    +1.90 (+0.11%)
     
  • Silver

    26.11
    +0.00 (+0.02%)
     
  • EUR/USD

    1.1943
    +0.0010 (+0.08%)
     
  • 10-Yr Bond

    1.4870
    0.0000 (0.00%)
     
  • Vix

    15.59
    -1.07 (-6.42%)
     
  • GBP/USD

    1.3915
    -0.0049 (-0.35%)
     
  • USD/JPY

    110.7900
    -0.1720 (-0.16%)
     
  • BTC-USD

    33,698.87
    -241.89 (-0.71%)
     
  • CMC Crypto 200

    813.32
    +3.12 (+0.39%)
     
  • FTSE 100

    7,110.22
    +36.16 (+0.51%)
     
  • Nikkei 225

    28,875.23
    +0.34 (+0.00%)
     

BGC Partners (BGCP): Strong Industry, Solid Earnings Estimate Revisions

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

One stock that might be an intriguing choice for investors right now is BGC Partners, Inc. BGCP. This is because this security in the Financial - Investment Bank space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Financial - Investment Bank space as it currently has a Zacks Industry Rank of 3 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, BGC Partners is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

BGC Partners, Inc. Price and Consensus

BGC Partners, Inc. Price and Consensus
BGC Partners, Inc. Price and Consensus

BGC Partners, Inc. price-consensus-chart | BGC Partners, Inc. Quote

In fact, over the past month, current quarter estimates have risen from 18 cents per share to 19 cents per share, while current year estimates have risen from 68 cents per share to 69 cents per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider BGC Partners. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research