Benzinga | Oct 14, 2020 10:19AM EDT

Earnings Outlook for Charles Schwab

On Thursday, October 15, Charles Schwab (NYSE: SCHW) will release its latest earnings report. Here is Benzinga's outlook for the company.

Earnings and Revenue

Based on Charles Schwab management projections, analysts predict EPS of $0.46 on revenue of $2.43 billion. In the same quarter last year, Charles Schwab reported EPS of $0.74 on revenue of $2.71 billion. If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be down 37.84%. Sales would be down 10.37% from the same quarter last year. Charles Schwab's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.52 0.62 0.63 0.65EPS Actual 0.48 0.58 0.62 0.74Revenue Estimate 2.47 B 2.61 B 2.59 B 2.65 BRevenue Actual 2.45 B 2.62 B 2.61 B 2.71 B

Stock Performance

Over the past 52-week period, shares of Charles Schwab have declined 4.51%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Charles Schwab is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.aboutschwab.com%2Finvestor-relations&eventid=2459274&sessionid=1&key=42ABDCDC51391CCF5D3EEDDEB681F3A4&regTag=&sourcepage=register