$0.46 Earnings Per Share Expected for Focus Financial Partners Inc (FOCS) This Quarter

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Wall Street analysts forecast that Focus Financial Partners Inc (NASDAQ:FOCS) will post earnings of $0.46 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Focus Financial Partners’ earnings. The highest EPS estimate is $0.46 and the lowest is $0.45. The business is expected to report its next quarterly 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 financial year, analysts expect that the company 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 sell-side research analysts that follow Focus Financial Partners.

Focus Financial Partners (NASDAQ:FOCS) last posted its earnings results on Tuesday, August 28th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $231.44 million during the quarter, compared to the consensus estimate of $224.60 million.

A number of analysts have recently weighed in on FOCS shares. Bank of America started coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. Goldman Sachs Group started coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They issued a “neutral” rating and a $42.00 target price on the stock. BMO Capital Markets started coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They issued an “outperform” rating on the stock. William Blair started coverage on shares of Focus Financial Partners in a report on Monday, August 20th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research raised shares of Focus Financial Partners from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research note on Monday, October 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $47.25.

Several hedge funds have recently added to or reduced their stakes in FOCS. Strs Ohio purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $256,000. Janus Henderson Group PLC purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $278,000. CFO4Life Group LLC purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $390,000. Penserra Capital Management LLC purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $537,000. Finally, American International Group Inc. purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $593,000. 0.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Focus Financial Partners stock traded down $1.05 during trading hours on Friday, reaching $38.20. The company’s stock had a trading volume of 403,112 shares, compared to its average volume of 180,767. Focus Financial Partners has a one year low of $35.01 and a one year 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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Earnings History and Estimates for Focus Financial Partners (NASDAQ:FOCS)

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