Schwab (SCHW) Q4 Earnings Beat Estimates, Revenues In-Line
Zacks Investment Research | Jan 16, 2018 10:06PM ET
Have you been eager to see how The Charles Schwab Corporation (NYSE:SCHW) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:
An Earnings Beat
Schwab came out with adjusted earnings per share of 44 cents, beating the Zacks Consensus Estimate of 41 cents. Results exclude one-time tax expense of nearly $46 million or 3 cents per share related to the tax act.
Results benefited from improved revenues.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Schwab depicted a neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 7 days.
However, Schwab has delivered positive surprises in two of the prior four trailing quarters. Overall, the company has a positive earnings surprise of 2% in the trailing four quarters.
The Charles Schwab Corporation Price and EPS Surprise
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