BGCP - BGC Partners Q3 2021 Earnings Preview

BGC Partners (NASDAQ:BGCP) is scheduled to announce Q3 earnings results on Wednesday, November 3rd, before market open. The consensus EPS Estimate is $0.15 (+36.4% Y/Y) and the consensus Revenue Estimate is $490.35M (+7.8% Y/Y). Over the last 2 years, BGCP has beaten EPS estimates 50% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 1 downward. Revenue estimates have seen 0 upward revisions and 2 downward. The company completed the sale of its Insurance Brokerage business to The Ardonagh for ~$535M which was announced in May last week; one-time gain associated with the transaction will be reflected in BGC's consolidated results. In September last week, the company reaffirmed its earlier announced outlook ranges for revenue and pre-tax adj. earnings for 3Q21 - revenue of $465M - $515M (vs. $455.0M in 3Q20 and consensus of

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BGC Partners Q3 2021 Earnings Preview