Charles Schwab Corp
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Financials : Capital Markets | Large Cap Growth
Company profile

The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan services. The Advisor Services segment provides custodial, trading, banking and trust, and support services, as well as retirement business services to independent registered investment advisors (RIAs), independent retirement advisors and recordkeepers. The Company’s product offerings include brokerage, mutual funds, exchange-traded funds (ETFs), advice solutions, banking and trust.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
$19.07
Day's Change
0.27 (1.44%)
Bid
--
Ask
--
B/A Size
--
Day's High
19.09
Day's Low
18.67
Volume
(Heavy Day)
Volume:
144,477

10-day average volume:
62,452
144,477

Diamondback Energy (FANG) Tops Q2 Earnings and Revenue Estimates

4:25 pm ET August 1, 2022 (Zacks) Print

Diamondback Energy (FANG) came out with quarterly earnings of $7.07 per share, beating the Zacks Consensus Estimate of $6.66 per share. This compares to earnings of $2.40 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 6.16%. A quarter ago, it was expected that this energy exploration and production company would post earnings of $4.74 per share when it actually produced earnings of $5.20, delivering a surprise of 9.70%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Diamondback, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $2.77 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 10.40%. This compares to year-ago revenues of $1.68 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Diamondback shares have added about 18.7% since the beginning of the year versus the S&P 500's decline of -13.3%.

What's Next for Diamondback?

While Diamondback has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Diamondback: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $7.05 on $2.55 billion in revenues for the coming quarter and $25.66 on $9.82 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Centennial Resource (CDEV), is yet to report results for the quarter ended June 2022. The results are expected to be released on August 3.

This company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of +1950%. The consensus EPS estimate for the quarter has been revised 6.4% lower over the last 30 days to the current level.

Centennial Resource's revenues are expected to be $393.84 million, up 69.3% from the year-ago quarter.


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