Dec. 25 at 10:11 PM
$BGC We are less than a week away from BGC giving their early indication of 4Q revenue and margin/earnings as they compare to guidance given at the 3Q earnings report as they typically do on the last day or the quarter.
Based upon the below, the midpoint of revenue of
$745 million shows an expected 30% year over year revenue increase over 4Q2024 and a 1.1% quarterly increase over the
$736.8 million reported in 3Q 2025.
The midpoint of the Pre-Tax Adjusted Earnings of
$160 million is 23.6% year over year increase over 4Q 2025 and slightly higher than the
$155 million reported for 3Q 2025.
With these earnings, the P/E should drop significantly and drop again after 1Q 2026 unless the share price starts to increase.
Here is the guidance from the 3Q earnings report at: https://www.bgcg.com/wp-content/uploads/2025/11/BGC-Q3-2025-Earnings-Release-vF.pdf
