OTC Markets Group Inc. (OTCM) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 47.50%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.57, delivering a surprise of 46.15%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
OTC Markets Group Inc.Which belongs to the Zacks Securities and Exchanges industry, posted revenues of $25.45 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 35.23%. This compares to year-ago revenues of $17.1 million. 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.
