Have you been eager to see how The Charles Schwab Corporation SCHWperformed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:
An Earnings Beat
Schwab came out with earnings per share of 55 cents, beating the Zacks Consensus Estimate of 54 cents.
Results benefited from improved revenues.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Schwab depicted an optimistic stance prior to the earnings release. The Zacks Consensus Estimate has moved 1.9% upward over the last seven days.
Also, Schwab has delivered positive surprises in three of the prior four trailing quarters. Overall, the company has a positive earnings surprise of 3.8% in the trailing four quarters.