Financial services network StoneX Group (NASDAQ: SNEX) will be reporting earnings this Wednesday after market hours. Here’s what you need to know.

StoneX reported revenues of $38.54 billion, up 39.6% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates.

Is StoneX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. StoneX has a history of exceeding Wall Street’s expectations.

Looking at StoneX’s peers in the capital markets segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Franklin Resources delivered year-on-year revenue growth of 8.7%, beating analysts’ expectations by 11.8%, and Evercore reported revenues up 100%, topping estimates by 16.6%. Franklin Resources traded up 6.8% following the results while Evercore was down 5.6%.

Read our full analysis of Franklin Resources’s results here and Evercore’s results here.

There has been positive sentiment among investors in the capital markets segment, with share prices up 8.1% on average over the last month. StoneX is up 23.6% during the same time and is heading into earnings with an average analyst price target of $107 (compared to the current share price of $105.84).

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