Charles Schwab Anticipated to Announce Reduced Earnings for Q4

The investment services firm Charles Schwab Corporation is poised to disclose its fourth-quarter earnings before the markets open on January 17, 2024. There's a notable change anticipated in the reported figures as the company is expected to announce a lower earnings per share (EPS) of 64 cents, a decrease from the $1.09 per share reported in the same quarter of the previous year.

The forecast also suggests a decline in revenue for the firm, with projections indicating an income of $4.48 billion for the quarter, which is a step down from the $5.5 billion reported in the comparable quarter of the previous year.

Despite the preceding quarter's performance where Charles Schwab exceeded expectations, there's a marked dip in share value, with the company's shares dropping by 1.4% to close at $64.31 on a recent Tuesday.

Analyst Expectations and Evaluations

A number of high-accuracy analysts have recently updated their evaluations of Charles Schwab, influencing investor expectations ahead of the earnings call:

• Analyst Patrick O'Shaughnessy from Raymond James maintained an 'Outperform' rating, adjusting the firm's price target upwards from $76 to $78.
• Goldman Sachs' analyst Alexander Blostein changed the stock's status from 'Buy' to 'Neutral' and set a target price at $71.
• UBS' Brennan Hawken continued with a 'Buy' rating but increased the price target from $72 to $82.
• Devin Ryan of JMP Securities reaffirmed the 'Market Outperform' rating, alongside a price target of $77.
• Barclays' analyst Benjamin Budish kept an 'Equal-Weight' rating but raised the target from $55 to $57.

Investors are closely monitoring these ratings and price target adjustments as they often reflect deep analysis and can affect market positions.

Schwab, Earnings, Forecast