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Nasdaq (NDAQ) Q3 Earnings Beat Estimates, Revises Outlook
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Have you been eager to see how Nasdaq, Inc. (NDAQ - Free Report) , performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this NY-based major exchange operator’s earnings release this morning:
An Earnings Beat
Nasdaq reported adjusted earnings per share of $1.06 per share, beating the Zacks Consensus Estimate of $1.02. Earnings improved 16.5% year over year.
You should note that the earnings estimate for Nasdaq depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at $1.02 per share over the last 7 days.
Nasdaq has a decent earnings surprise history. Overall, the company surpassed the Zacks Consensus Estimate by an average of 3.99% in the trailing four quarters.
Revenues Beat
Nasdaq’s revenues of record $607 million in the quarter increased 3.8% year over year. The Zacks Consensus Estimate was $599 million.
Key Takeaways
Adjusted operating expenses were $317 million in the reported quarter, remaining unchanged from the year-ago quarter.
The Nasdaq Stock Market welcomed 78 new listings during the third quarter of 2017, 34 of which were IPOs.
As of Sep 30, 2017, debt dipped 0.4% over 2016 end level to $3.59 billion.
The company has returned $355 million to its shareholders during the first nine months of 2017.
The company expects its 2017 non-GAAP operating expense in the range of $1,275–$1,290 million.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Nasdaq. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Nasdaq earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
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Nasdaq (NDAQ) Q3 Earnings Beat Estimates, Revises Outlook
Have you been eager to see how Nasdaq, Inc. (NDAQ - Free Report) , performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this NY-based major exchange operator’s earnings release this morning:
An Earnings Beat
Nasdaq reported adjusted earnings per share of $1.06 per share, beating the Zacks Consensus Estimate of $1.02. Earnings improved 16.5% year over year.
Improved revenues drove the upside.
Nasdaq, Inc. Price and EPS Surprise
Nasdaq, Inc. Price and EPS Surprise | Nasdaq, Inc. Quote
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Nasdaq depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at $1.02 per share over the last 7 days.
Nasdaq has a decent earnings surprise history. Overall, the company surpassed the Zacks Consensus Estimate by an average of 3.99% in the trailing four quarters.
Revenues Beat
Nasdaq’s revenues of record $607 million in the quarter increased 3.8% year over year. The Zacks Consensus Estimate was $599 million.
Key Takeaways
Adjusted operating expenses were $317 million in the reported quarter, remaining unchanged from the year-ago quarter.
The Nasdaq Stock Market welcomed 78 new listings during the third quarter of 2017, 34 of which were IPOs.
As of Sep 30, 2017, debt dipped 0.4% over 2016 end level to $3.59 billion.
The company has returned $355 million to its shareholders during the first nine months of 2017.
The company expects its 2017 non-GAAP operating expense in the range of $1,275–$1,290 million.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Nasdaq. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now 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.
Check back later for our full write up on this Nasdaq earnings report!
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>