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ICE (ICE) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, IntercontinentalExchange (ICE - Free Report) reported revenue of $2.2 billion, up 24.5% over the same period last year. EPS came in at $1.33, compared to $1.25 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.19 billion, representing a surprise of +0.67%. The company delivered an EPS surprise of +3.10%, with the consensus EPS estimate being $1.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ICE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Exchanges Segment (less transaction-based): $781 million versus $1.13 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -20.5% change.
Revenues- Fixed Income and Data Services Segment: $563 million compared to the $559.42 million average estimate based on seven analysts. The reported number represents a change of +4.8% year over year.
Revenues- Mortgage Technology Segment: $502 million versus the seven-analyst average estimate of $503.30 million. The reported number represents a year-over-year change of +101.6%.
Revenues- Exchanges Segment- Data and connectivity services: $234 million versus the six-analyst average estimate of $238.73 million. The reported number represents a year-over-year change of +3.5%.
Revenues- Mortgage Technology Segment- Data and analytics: $70 million versus the six-analyst average estimate of $69.41 million. The reported number represents a year-over-year change of +191.7%.
Revenues- Mortgage Technology Segment- Closing solutions: $43 million versus $52.79 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
Revenues- Exchanges Segment- Cash equities and equity options: $99 million versus the six-analyst average estimate of $99.45 million. The reported number represents a year-over-year change of +7.6%.
Revenues- Exchanges Segment- OTC and other: $89 million versus the six-analyst average estimate of $84.95 million. The reported number represents a year-over-year change of -13.6%.
Revenues- Mortgage Technology Segment- Servicing software: $219 million compared to the $188.56 million average estimate based on six analysts.
Revenues- Exchanges Segment- Listings: $121 million compared to the $125.34 million average estimate based on six analysts. The reported number represents a change of -4.7% year over year.
Revenues- Fixed Income and Data Services Segment- Fixed income execution: $35 million versus $32.31 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Revenues- Fixed Income and Data Services Segment- CDS clearing: $81 million versus the six-analyst average estimate of $84.01 million. The reported number represents a year-over-year change of +2.5%.
Shares of ICE have returned +0.3% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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ICE (ICE) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, IntercontinentalExchange (ICE - Free Report) reported revenue of $2.2 billion, up 24.5% over the same period last year. EPS came in at $1.33, compared to $1.25 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.19 billion, representing a surprise of +0.67%. The company delivered an EPS surprise of +3.10%, with the consensus EPS estimate being $1.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ICE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Exchanges Segment (less transaction-based): $781 million versus $1.13 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -20.5% change.
- Revenues- Fixed Income and Data Services Segment: $563 million compared to the $559.42 million average estimate based on seven analysts. The reported number represents a change of +4.8% year over year.
- Revenues- Mortgage Technology Segment: $502 million versus the seven-analyst average estimate of $503.30 million. The reported number represents a year-over-year change of +101.6%.
- Revenues- Exchanges Segment- Data and connectivity services: $234 million versus the six-analyst average estimate of $238.73 million. The reported number represents a year-over-year change of +3.5%.
- Revenues- Mortgage Technology Segment- Data and analytics: $70 million versus the six-analyst average estimate of $69.41 million. The reported number represents a year-over-year change of +191.7%.
- Revenues- Mortgage Technology Segment- Closing solutions: $43 million versus $52.79 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
- Revenues- Exchanges Segment- Cash equities and equity options: $99 million versus the six-analyst average estimate of $99.45 million. The reported number represents a year-over-year change of +7.6%.
- Revenues- Exchanges Segment- OTC and other: $89 million versus the six-analyst average estimate of $84.95 million. The reported number represents a year-over-year change of -13.6%.
- Revenues- Mortgage Technology Segment- Servicing software: $219 million compared to the $188.56 million average estimate based on six analysts.
- Revenues- Exchanges Segment- Listings: $121 million compared to the $125.34 million average estimate based on six analysts. The reported number represents a change of -4.7% year over year.
- Revenues- Fixed Income and Data Services Segment- Fixed income execution: $35 million versus $32.31 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Revenues- Fixed Income and Data Services Segment- CDS clearing: $81 million versus the six-analyst average estimate of $84.01 million. The reported number represents a year-over-year change of +2.5%.
View all Key Company Metrics for ICE here>>>Shares of ICE have returned +0.3% over the past month versus the Zacks S&P 500 composite's +6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.