Have you been eager to see how Charles Schwab SCHW performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based brokerage company’s earnings release this morning:An Earnings BeatSchwab came out with earnings per share of 60 cents, beating the Zacks Consensus Estimate of 58 cents.Results benefited from improved revenues.How Was the Estimate Revision Trend?You should note that the earnings estimate revisions for Schwab depicted a pessimistic stance prior to the earnings release. The Zacks Consensus Estimate has moved 1.7% lower over the last seven days.Also, Schwab has delivered positive surprises in three of the prior four trailing quarters. Overall, the company has a positive earnings surprise of 2.9% in the trailing four quarters.The Charles Schwab Corporation Price and EPS Surprise The Charles Schwab Corporation Price and EPS Surprise | The Charles Schwab Corporation QuoteBetter-than-Expected RevenuesSchwab posted net revenues of $2.49 billion, which surpassed the Zacks Consensus Estimate of $2.48 billion. Also, it compared favorably with the year-ago number of $2.13 billion.Key Q2 Statistics: Net income jumped 51% year over year to $866 millionReturn on equity was 19% as of Jun 30, 2018A steady focus on serving investor needs has helped Schwab’s business grow to $3.40 trillion in client assets as of Jun 30, 2018Increase in average interest-earning assets by 13% to $243.8 billion at the end of the reported quarterWhat Zacks Rank SaysThe estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Schwab. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)How the Market Reacted So FarFollowing the earnings release, Schwab shares were up 3.4% in the pre-trading session. This is in line with what the stock witnessed in the prior-day’s session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.Check back later for our full write up on this Schwab earnings report!Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.See Them Free>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Charles Schwab Corporation (SCHW): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research