LPL Financial stock is in a potential buying area as it gets ready to report earnings on Apr. 28. The stock is about 2% above a 191.08 buy point from a first-stage cup with handle. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Understand that buying a stock just ahead of earnings can be risky since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
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Will LPL Financial Stock Continue Its Quarterly Earnings Growth?
The investment firm posted 7% earnings-per-share growth in the latest quarterly report, while sales growth came in at 32%.
Consensus analyst estimates call for earnings-per-share growth of 1% for the quarter, and a 39% gain for the full year.
LPL Financial stock has a 94 Composite Rating and holds the No. 1 rank among its peers in the Finance-Investment Banking/Brokers industry group. Raymond James Financial and StoneX are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
