For the quarter ended March 2023, MarketAxess (MKTX - Free Report) reported revenue of $203.17 million, up 9.2% over the same period last year. EPS came in at $1.96, compared to $1.73 in the year-ago quarter.
The reported revenue represents a surprise of +1.39% over the Zacks Consensus Estimate of $200.39 million. With the consensus EPS estimate being $1.89, the EPS surprise was +3.70%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Trading Volume: $2,372.83 billion compared to the $2,459 billion average estimate based on four analysts.
- Average Daily Volume - High-grade: $6.33 billion versus the four-analyst average estimate of $6.41 billion.
- Average Daily Volume - Total rates trading: $24.48 billion versus the three-analyst average estimate of $25.50 billion.
- Average Variable Transaction Fee Per Million - Rates: $4.12 versus the three-analyst average estimate of $4.
- Revenues- Post-trade services: $9.98 million versus $9.50 million estimated by five analysts on average.
- Revenues- Information services: $11.01 million versus the five-analyst average estimate of $10.58 million.
- Revenues- Other: $0.19 million versus the five-analyst average estimate of $0.24 million.
- Revenues- Commissions: $181.99 million compared to the $180.35 million average estimate based on five analysts.
- Total commission revenue- Total fixed distribution fees: $34.76 million versus $33.07 million estimated by three analysts on average.
- Total commission revenue- Total variable transaction fees: $147.23 million compared to the $147.91 million average estimate based on three analysts.
View all Key Company Metrics for MarketAxess here>>>Shares of MarketAxess have returned -17.5% over the past month versus the Zacks S&P 500 composite's +2.6% 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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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended March 2023, MarketAxess (MKTX - Free Report) reported revenue of $203.17 million, up 9.2% over the same period last year. EPS came in at $1.96, compared to $1.73 in the year-ago quarter.
The reported revenue represents a surprise of +1.39% over the Zacks Consensus Estimate of $200.39 million. With the consensus EPS estimate being $1.89, the EPS surprise was +3.70%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Trading Volume: $2,372.83 billion compared to the $2,459 billion average estimate based on four analysts.
- Average Daily Volume - High-grade: $6.33 billion versus the four-analyst average estimate of $6.41 billion.
- Average Daily Volume - Total rates trading: $24.48 billion versus the three-analyst average estimate of $25.50 billion.
- Average Variable Transaction Fee Per Million - Rates: $4.12 versus the three-analyst average estimate of $4.
- Revenues- Post-trade services: $9.98 million versus $9.50 million estimated by five analysts on average.
- Revenues- Information services: $11.01 million versus the five-analyst average estimate of $10.58 million.
- Revenues- Other: $0.19 million versus the five-analyst average estimate of $0.24 million.
- Revenues- Commissions: $181.99 million compared to the $180.35 million average estimate based on five analysts.
- Total commission revenue- Total fixed distribution fees: $34.76 million versus $33.07 million estimated by three analysts on average.
- Total commission revenue- Total variable transaction fees: $147.23 million compared to the $147.91 million average estimate based on three analysts.
View all Key Company Metrics for MarketAxess here>>>Shares of MarketAxess have returned -17.5% over the past month versus the Zacks S&P 500 composite's +2.6% 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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