IntercontinentalExchange (ICE - Free Report) reported $1.89 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.1%. EPS of $1.43 for the same period compares to $1.32 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of -0.21%. The company delivered an EPS surprise of +4.38%, with the consensus EPS estimate being $1.37.
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:
- Average daily volume (ADV) in Lots - Energy futures and options: 3315 thousand versus 3219.46 thousand estimated by four analysts on average.
- Average daily volume (ADV) in Lots - Agricultural and metals futures and options: 530 thousand compared to the 502.43 thousand average estimate based on four analysts.
- Average daily volume (ADV) in Lots - Financial futures and options: 2182 thousand versus 2333.01 thousand estimated by four analysts on average.
- Average Daily Volume (ADV) in Lots - Total Futures & Options: 6027 thousand versus 6054.64 thousand estimated by four analysts on average.
- Revenues- Mortgage Technology Segment: $249 million versus the six-analyst average estimate of $257.60 million. The reported number represents a year-over-year change of -16.2%.
- Revenues- Exchanges Segment (less transaction-based): $1.09 billion versus the six-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of +8.8%.
- Revenues- Fixed Income and Data Services Segment: $546 million versus $551.32 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
- Revenues- Mortgage Technology Segment- Other: $8 million versus $9.20 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -38.5% change.
- Revenues- Exchanges Segment- OTC and other: $104 million compared to the $105.63 million average estimate based on five analysts. The reported number represents a change of -3.7% year over year.
- Revenues- Mortgage Technology Segment- Closing solutions: $47 million versus $49.01 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -26.6% change.
- Revenues- Mortgage Technology Segment- Origination technology: $170 million versus the five-analyst average estimate of $175.60 million. The reported number represents a year-over-year change of -13.3%.
- Revenues- Fixed Income and Data Services Segment- Other data and network services: $157 million versus $155.26 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change.
View all Key Company Metrics for ICE here>>>Shares of ICE have returned +2.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
IntercontinentalExchange (ICE - Free Report) reported $1.89 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 4.1%. EPS of $1.43 for the same period compares to $1.32 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of -0.21%. The company delivered an EPS surprise of +4.38%, with the consensus EPS estimate being $1.37.
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:
- Average daily volume (ADV) in Lots - Energy futures and options: 3315 thousand versus 3219.46 thousand estimated by four analysts on average.
- Average daily volume (ADV) in Lots - Agricultural and metals futures and options: 530 thousand compared to the 502.43 thousand average estimate based on four analysts.
- Average daily volume (ADV) in Lots - Financial futures and options: 2182 thousand versus 2333.01 thousand estimated by four analysts on average.
- Average Daily Volume (ADV) in Lots - Total Futures & Options: 6027 thousand versus 6054.64 thousand estimated by four analysts on average.
- Revenues- Mortgage Technology Segment: $249 million versus the six-analyst average estimate of $257.60 million. The reported number represents a year-over-year change of -16.2%.
- Revenues- Exchanges Segment (less transaction-based): $1.09 billion versus the six-analyst average estimate of $1.08 billion. The reported number represents a year-over-year change of +8.8%.
- Revenues- Fixed Income and Data Services Segment: $546 million versus $551.32 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
- Revenues- Mortgage Technology Segment- Other: $8 million versus $9.20 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -38.5% change.
- Revenues- Exchanges Segment- OTC and other: $104 million compared to the $105.63 million average estimate based on five analysts. The reported number represents a change of -3.7% year over year.
- Revenues- Mortgage Technology Segment- Closing solutions: $47 million versus $49.01 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -26.6% change.
- Revenues- Mortgage Technology Segment- Origination technology: $170 million versus the five-analyst average estimate of $175.60 million. The reported number represents a year-over-year change of -13.3%.
- Revenues- Fixed Income and Data Services Segment- Other data and network services: $157 million versus $155.26 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change.
View all Key Company Metrics for ICE here>>>Shares of ICE have returned +2.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Get the latest research report on ICE - FREE