Gain Capital (GCAP) Tops Q4 EPS by 1c, Revenues Beat

Gain Capital (NYSE: GCAP) reported Q4 EPS of ($0.21), $0.01 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $60.8 million versus the consensus estimate of $58.71 million.

Quarterly and Annual Operating Highlights

• Fourth quarter new direct Retail accounts increased 56% year-over-year, with full year growing 67% over 2018
• 3 month trailing active Retail accounts increased 6% year-over-year, with direct actives improving 13%
• Fourth quarter Retail average daily volume (ADV) decreased 32% year-over-year and 6% sequentially

"2019 will be marked as a year of multi-decade low volatility, or in some cases, such as Eurodollar, all-time lows, which understandably had an adverse impact on GAIN\'s financial performance. Despite that, our focus on organic growth saw good year on year improvement in key underlying client metrics, with new direct opened accounts improving 67%, Retail client equity 12% higher and 3-month direct actives increasing for a fourth consecutive quarter to finish 13% above Q418. As such, we remain well positioned to capitalize on increased volatility upon the return of more normal market conditions," stated Glenn Stevens, CEO of GAIN Capital.

For earnings history and earnings-related data on Gain Capital (GCAP) click here.

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