Zacks: Brokerages Expect Focus Financial Partners Inc (FOCS) to Announce $0.46 EPS

Analysts expect Focus Financial Partners Inc (NASDAQ:FOCS) to announce $0.46 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Focus Financial Partners’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.45. The company is scheduled to issue its next earnings report on Tuesday, November 27th.

According to Zacks, analysts expect that Focus Financial Partners will report full-year earnings of $1.76 per share for the current financial year, with EPS estimates ranging from $1.72 to $1.78. For the next fiscal year, analysts expect that the company will report earnings of $2.35 per share, with EPS estimates ranging from $2.29 to $2.40. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last released its quarterly earnings results on Tuesday, August 28th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $231.44 million for the quarter, compared to analyst estimates of $224.60 million.

Several equities analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Focus Financial Partners to $57.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Goldman Sachs Group assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set a “neutral” rating and a $42.00 price objective on the stock. Bank of America assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set a “neutral” rating and a $42.00 price objective on the stock. Finally, William Blair assumed coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They set a “market perform” rating on the stock.

FOCS traded down $0.45 during midday trading on Wednesday, hitting $40.11. 911 shares of the company traded hands, compared to its average volume of 328,065. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of -2.00. Focus Financial Partners has a 52-week low of $35.01 and a 52-week high of $49.51.

In related news, Director Deborah D. Mcwhinney acquired 3,000 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were acquired at an average cost of $33.00 per share, with a total value of $99,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Focus Financial Partners Company Profile

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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Earnings History and Estimates for Focus Financial Partners (NASDAQ:FOCS)

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