20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Charles Schwab (NYSE:SCHW) is set to give its latest quarterly earnings report on Monday, 2023-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Charles Schwab will report an earnings per share (EPS) of $0.75.
Charles Schwab bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.04, which was followed by a 0.05% increase in the share price the next day.
Here's a look at Charles Schwab's past performance and the resulting price change:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.90 | 1.09 | |
| EPS Actual | 0.75 | 0.93 | 1.07 | |
| Price Change % | 0.05% | 2.33% | -6.22% | -6.87% |
Stock Performance
Shares of Charles Schwab were trading at $51.51 as of October 12. Over the last 52-week period, shares are down 22.9%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.
To track all earnings releases for Charles Schwab visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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