Brokerages Expect Focus Financial Partners Inc (FOCS) Will Announce Earnings of $0.46 Per Share
Brokerages forecast that Focus Financial Partners Inc (NASDAQ:FOCS) will announce $0.46 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Focus Financial Partners’ earnings, with estimates ranging from $0.45 to $0.46. The firm is scheduled to announce its next earnings report after the market closes on Monday, November 12th.
On average, analysts expect that Focus Financial Partners will report full year earnings of $1.74 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.77. For the next year, analysts expect that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.29 to $2.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Focus Financial Partners.
Focus Financial Partners (NASDAQ:FOCS) last released its quarterly earnings results on Tuesday, August 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $231.44 million during the quarter, compared to the consensus estimate of $224.60 million.
A number of large investors have recently made changes to their positions in FOCS. Fairview Capital Investment Management LLC purchased a new position in Focus Financial Partners in the third quarter worth $77,235,000. FMR LLC purchased a new position in Focus Financial Partners in the third quarter worth $66,392,000. BlackRock Inc. purchased a new position in Focus Financial Partners in the third quarter worth $59,026,000. JPMorgan Chase & Co. purchased a new position in Focus Financial Partners in the third quarter worth $37,151,000. Finally, Jennison Associates LLC purchased a new position in Focus Financial Partners in the third quarter worth $17,127,000. Institutional investors own 0.41% of the company’s stock.
Shares of Focus Financial Partners stock traded down $1.05 during trading on Friday, hitting $38.20. The stock had a trading volume of 403,112 shares, compared to its average volume of 180,767. Focus Financial Partners has a 12 month low of $35.01 and a 12 month high of $49.51.
About Focus Financial Partners
Focus Financial Partners Inc provides wealth management services to primarily high net worth individuals and families. The company's wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. It also offers recordkeeping and administration services.
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