Webull Q2 revenue jumps 51% on strong trading activity, customer engagement
BULL•Repurchases and outlook
During the quarter, the company repurchased and cancelled 1.82 million shares.
Webull did not provide specific guidance for the current quarter or full year.
Q2 revenue and profit jump
Webull's Q2 revenue rose 51% year over year, beating analyst expectations.
Adjusted operating profit for the quarter more than doubled year over year to $62.6 million.
The company also reported Q2 EPS of $0.04 and pretax profit of $34.7 million.
Key reported metrics and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $198.80 million | $181.50 million (3 analysts) |
| Q2 EPS | $0.04 | ||
| Q2 Adjusted EBIT | $62.60 million | ||
| Q2 Pretax Profit | $34.70 million |
The current average analyst rating on the shares is buy, with 3 strong buy or buy recommendations, no hold ratings and no or ratings.
