BGC GROUP Reports Second Quarter FY2023 Earnings Results on August 2 2023

August 7, 2023

🌥️Earnings Overview

On August 2 2023, BGC GROUP ($NASDAQ:BGC) announced its financial results for the second quarter of FY2023, which ended on June 30 2023. Revenue for the quarter totaled USD 493.1 million, an increase of 13.2% from the same period last year. Net income was -19.7 million, a decrease from 14.8 million reported in the corresponding quarter of the prior year.

Market Price

The stock opened at $4.8 and closed at $5.2, representing a 10.9% increase from the previous closing price of $4.7. This increase in stock prices is indicative of a strong performance by the company during the second quarter. In addition to their robust financial performance, BGC GROUP also announced plans to implement a new strategy to drive growth and further improve operational efficiencies.

This new strategy is expected to provide a boost to the company’s bottom line in the coming quarters. Overall, it was a strong quarter for BGC GROUP, and it will be interesting to see how their performance evolves throughout the rest of the fiscal year. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Bgc Group. More…

    Total Revenues Net Income Net Margin
    1.88k 7.25 0.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Bgc Group. More…

    Operations Investing Financing
    258.73 -53.33 -233.21
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Bgc Group. More…

    Total Assets Total Liabilities Book Value Per Share
    4.08k 3.26k 1.68
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Bgc Group are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -4.1% -12.6% 4.7%
    FCF Margin ROE ROA
    10.5% 7.5% 1.3%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    Analyzing BGC GROUP‘s financials with GoodWhale has revealed that the company is classified as a ‘cow’, which is indicative of a company that has the track record of paying out consistent and sustainable dividends. This makes it an attractive option for investors interested in dividend yields. When looking at other key metrics, such as asset quality, profitability and growth, we see that BGC GROUP is strong in dividend, medium in asset, profitability and weak in growth. However, it has a high health score of 7/10 taking into account its cashflows and debt. This score indicates that BGC GROUP is capable of riding out any crisis without the risk of bankruptcy. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Summary

    BGC Group reported its second quarter FY2023 earnings on August 2 2023, with total revenue increasing 13.2% year over year to USD 493.1 million and net income for the period at -19.7 million, a significant decline from the same period last year. The stock price reacted positively on the news, moving up the same day. For investors, BGC Group is worth considering as a potential long-term investment opportunity given its strong growth and resilience in the market despite the challenging economic environment.

    Although there is some risk associated with the company’s negative income results, its underlying financial performance indicates that it is a healthy and stable business. Investors should continue to monitor the company’s financials closely and research any potential risks before investing.

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