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CME Group (CME) Q2 Earnings and Revenues Beat Estimates
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Have you been eager to see how CME Group Inc. (CME - Free Report) , one of the largest futures exchanges in the world, performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Chicago, IL-based company’s earnings release this morning.
An Earnings Beat
CME Group reported adjusted earnings per share of $1.74, beating the Zacks Consensus Estimate of $1.72.
You should note that the earnings estimate for CME Group depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at $1.72 per share over the last 7 days.
Also, CME Group has a solid earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average of nearly 11.6% in the trailing four quarters.
Revenues Came in Higher Than Expected
CME Group’s revenues of $1.11 billion improved 14.6% year over year. Also, the reported beat the Zacks Consensus Estimate of $1.05 billion.
Key Takeaways
Average daily volume (ADV) increased 11.6% year over year to 18.4 million contracts, due to higher volumes across five of the six product lines.
Total expenses increased 22.9% year over year at $392.7 million during the reported quarter.
Operating income improved 10.2% to $666.9 million from the prior-year quarter.
As of Jun 30, 2018, long-term debt of $3.4 billion increased 53.1% from the level at year-end 2017.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for CME Group. 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 CME Group earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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CME Group (CME) Q2 Earnings and Revenues Beat Estimates
Have you been eager to see how CME Group Inc. (CME - Free Report) , one of the largest futures exchanges in the world, performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Chicago, IL-based company’s earnings release this morning.
An Earnings Beat
CME Group reported adjusted earnings per share of $1.74, beating the Zacks Consensus Estimate of $1.72.
CME Group Inc. Price and EPS Surprise
CME Group Inc. Price and EPS Surprise | CME Group Inc. Quote
How Was the Estimate Revision Trend?
You should note that the earnings estimate for CME Group depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at $1.72 per share over the last 7 days.
Also, CME Group has a solid earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average of nearly 11.6% in the trailing four quarters.
Revenues Came in Higher Than Expected
CME Group’s revenues of $1.11 billion improved 14.6% year over year. Also, the reported beat the Zacks Consensus Estimate of $1.05 billion.
Key Takeaways
Average daily volume (ADV) increased 11.6% year over year to 18.4 million contracts, due to higher volumes across five of the six product lines.
Total expenses increased 22.9% year over year at $392.7 million during the reported quarter.
Operating income improved 10.2% to $666.9 million from the prior-year quarter.
As of Jun 30, 2018, long-term debt of $3.4 billion increased 53.1% from the level at year-end 2017.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for CME Group. 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 CME Group earnings report!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>