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Have you been eager to see how Intercontinental Exchange, Inc. (ICE - Free Report) , one of the largest global stock and derivative exchange operators, performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta, GA-based company’s earnings release this morning.
Earnings Beat Estimates
Intercontinental Exchange reported adjusted earnings per share of 73 cents, beating the Zacks Consensus Estimate of 71 cents. Bottom-line improved 14% year over year.
Intercontinental Exchange Inc. Price and EPS Surprise
You should note that the earnings estimate for Intercontinental Exchange depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 75 cents over the last 7 days.
Also, Intercontinental Exchange has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average beat of 1.77% in the trailing four quarters.
Revenues Meet Estimates
Intercontinental Exchange’s revenues of $1.1 billion increased 6% year over year. Revenues however came almost in line with the Zacks Consensus Estimate.
Key Takeaways
Total operating expenses decreased 9.4% year over year to $547 million.
Operating income improved 25.7% to $596 million.
Adjusted operating expenses is estimated between $475 million and $485 million in the fourth quarter of 2017.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Intercontinental Exchange. 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 Intercontinental Exchange earnings report later!
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While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
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Intercontinental Exchange (ICE) Q3 Earnings Beat Estimates
Have you been eager to see how Intercontinental Exchange, Inc. (ICE - Free Report) , one of the largest global stock and derivative exchange operators, performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta, GA-based company’s earnings release this morning.
Earnings Beat Estimates
Intercontinental Exchange reported adjusted earnings per share of 73 cents, beating the Zacks Consensus Estimate of 71 cents. Bottom-line improved 14% year over year.
Intercontinental Exchange Inc. Price and EPS Surprise
Intercontinental Exchange Inc. Price and EPS Surprise | Intercontinental Exchange Inc. Quote
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Intercontinental Exchange depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 75 cents over the last 7 days.
Also, Intercontinental Exchange has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average beat of 1.77% in the trailing four quarters.
Revenues Meet Estimates
Intercontinental Exchange’s revenues of $1.1 billion increased 6% year over year. Revenues however came almost in line with the Zacks Consensus Estimate.
Key Takeaways
Total operating expenses decreased 9.4% year over year to $547 million.
Operating income improved 25.7% to $596 million.
Adjusted operating expenses is estimated between $475 million and $485 million in the fourth quarter of 2017.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Intercontinental Exchange. 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 Intercontinental Exchange earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>