Earnings Preview: OptionsExpress Holdings

OptionsXpress Holdings (OXPS) is expected to report Q2 earnings before market open Tuesday with a conference call scheduled for 10:00 am ET.

Guidance

Analysts are looking for EPS of 39c on revenue of $61.13M. The consensus range for EPS is 38c to 40c, while the consensus range for revenue is $59.62M to $64.14M, according to First Call.

Analyst Views

JMP Securities on July 15 initiated optionsXpress with an Outperform rating, as the firm expects the company to continue to benefit from continued retail adoption of options and futures trading, and expansion of its platform outside the U.S.

OptionsXpress agreed to buy Open E Cry late last month for $18M. OptionsXpress described Open E Cry as "an innovative futures broker offering direct access futures trading through its proprietary software platform, OEC Trader." Open E Cry's platform "contains a set of complex systems and order routing technology specifically designed to meet the standards of high volume commodities and futures traders," OptionsXpress added.