Rosenblatt analyst Chris Allen raised Interactive Brokers Q1 earnings estimate to 57c from 48c, FY18 to $2.17 from $2.01, and FY19 to $2.38 from $2.18 to reflect higher DART forecasts from an improved trading backdrop and "exceptional account" growth. Allen raised his price target on Interactive Brokers to $65 and reiterates a Buy rating on shares.
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Pre-earnings options volume in Interactive Brokers is 4.3x normal with calls leading puts 7:3. Implied volatility suggests the market is anticipating a move near 4.1%, or $4.40, after results are released. Median move over the past eight quarters is 3.2%.