Charles Schwab Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Charles Schwab Corporation SCHW is expected to release earnings results for its fourth quarter before the opening bell on Jan. 17, 2024.

Analysts expect the company to report quarterly earnings at 64 cents per share, compared to $1.09 per share in the year-ago period. The company is projected to report revenue of $4.48 billion, compared to $5.5 billion in the year-earlier quarter, according to data from Benzinga Pro.

Charles Schwab, during October, reported better-than-expected earnings for the third quarter.

Charles Schwab shares fell 1.4% to close at $64.31 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Raymond James analyst Patrick O'Shaughnessy maintained an Outperform rating and raised the price target from $76 to $78 on Jan. 8, 2024. This analyst has an accuracy rate of 65%.
• Goldman Sachs analyst Alexander Blostein downgraded the stock from Buy to Neutral with a price target of $71 on Jan. 3, 2024. This analyst has an accuracy rate of 72%.
• UBS analyst Brennan Hawken maintained a Buy rating and boosted the price target from $72 to $82 on Dec. 15, 2023. This analyst has an accuracy rate of 69%.
• JMP Securities analyst Devin Ryan reiterated a Market Outperform rating with a price target of $77 on Oct. 17, 2023. This analyst has an accuracy rate of 71%.
• Barclays analyst Benjamin Budish maintained an Equal-Weight rating and raised the price target from $55 to $57 on Oct. 17, 2023. This analyst has an accuracy rate of 75%.

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