$241.15 Million in Sales Expected for Focus Financial Partners Inc (FOCS) This Quarter

Brokerages expect Focus Financial Partners Inc (NASDAQ:FOCS) to announce sales of $241.15 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Focus Financial Partners’ earnings, with the highest sales estimate coming in at $241.30 million and the lowest estimate coming in at $241.00 million. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 12th.

On average, analysts expect that Focus Financial Partners will report full year sales of $923.25 million for the current fiscal year, with estimates ranging from $922.50 million to $924.00 million. For the next financial year, analysts expect that the business will report sales of $1.16 billion, with estimates ranging from $1.15 billion to $1.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover 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. 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. Zacks Investment Research downgraded shares of Focus Financial Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 30th. BMO Capital Markets restated a “buy” rating and issued a $49.00 target price on shares of Focus Financial Partners in a report on Friday, August 24th. 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. Finally, 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Focus Financial Partners currently has a consensus rating of “Hold” and a consensus target price of $47.25.

Several hedge funds have recently added to or reduced their stakes in FOCS. Peregrine Capital Management LLC purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $9,254,000. Strs Ohio purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $256,000. First Trust Advisors LP purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $2,886,000. CFO4Life Group LLC purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $390,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Focus Financial Partners during the 3rd quarter worth about $9,594,000. 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 Monday, 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.

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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