LPL Financial (LPLA) stock is in a potential buying area as it gets ready to report earnings on Apr. 28. The stock is about 2% above a 191.08 buy point from a first-stage cup with handle. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
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Understand that buying a stock just ahead of earnings can be risky since you typically don’t have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
Will LPL Financial Stock Continue Its Quarterly Earnings Growth?
The investment firm posted 7% earnings-per-share growth in the latest quarterly report, while sales growth came in at 32%.
Consensus analyst estimates call for earnings-per-share growth of 1% for the quarter, and a 39% gain for the full year.
LPL Financial stock has a 94 Composite Rating and holds the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. Raymond James Financial (RJF) and StoneX (SNEX) are also among the group’s highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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