The Charles Schwab Corporation released their financial data for the quarter ending March 2024, revealing a 7.4% decrease in revenue to $4.74 billion and a decline in EPS to $0.74 from $0.93 in the previous year's quarter. Despite these decreases, the company outperformed the Zacks Consensus Estimate for revenue and earnings per share, with a positive surprise of +0.56% and +1.37%, respectively.
Investors typically analyze year-over-year changes in revenue and earnings to gauge a company's performance against Wall Street expectations. Charles Schwab's key metrics, reflecting its financial health, were closely monitored by analysts. These metrics include total client assets standing at $9,118.4 billion, net interest margin at 2%, clients' daily average trades totaling 5,958 thousand, average interest-earning assets at $431.46 billion, net revenues from various sources, and more. Comparing these metrics with previous year figures and analyst estimates helps investors forecast the company's stock performance more accurately. Additionally, Charles Schwab's stock showed a 4.5% return over the past month, outperforming the Zacks S&P 500 composite, and currently holds a Zacks Rank #3, indicating it may perform in line with the broader market in the near future.