For the quarter ended September 2023, IntercontinentalExchange (ICE - Free Report) reported revenue of $2 billion, up 10.6% over the same period last year. EPS came in at $1.46, compared to $1.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of -0.40%. The company delivered an EPS surprise of +4.29%, with the consensus EPS estimate being $1.40.
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: 3,510 thousand versus 3,312.28 thousand estimated by four analysts on average.
- Average Daily volume (ADV) in Lots - Agricultural and metals futures and options: 419 thousand compared to the 414.98 thousand average estimate based on four analysts.
- Average Daily volume (ADV) in Lots - Financial futures and options: 2,316 thousand versus the four-analyst average estimate of 2,801.24 thousand.
- Average Daily Volume (ADV) in Lots - Total Futures & Options: 6,245 thousand versus 6,230.1 thousand estimated by four analysts on average.
- Revenues- Exchanges Segment (less transaction-based): $1.11 billion versus $1.11 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
- Revenues- Fixed Income and Data Services Segment: $559 million compared to the $560.97 million average estimate based on six analysts. The reported number represents a change of +4.7% year over year.
- Revenues- Mortgage Technology Segment: $330 million versus $326.19 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
- Revenues- Exchanges Segment- Data and connectivity services: $236 million versus $229.51 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
- Revenues- Mortgage Technology Segment- Closing solutions: $48 million compared to the $47.31 million average estimate based on five analysts. The reported number represents a change of -9.4% year over year.
- Revenues- Mortgage Technology Segment- Origination technology: $172 million versus the five-analyst average estimate of $177.01 million. The reported number represents a year-over-year change of -8%.
- Revenues- Exchanges Segment- OTC and other: $104 million compared to the $107.61 million average estimate based on five analysts. The reported number represents a change of -14.1% year over year.
- Revenues- Mortgage Technology Segment- Data and analytics: $69 million versus $36.05 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +213.6% change.
View all Key Company Metrics for ICE here>>>Shares of ICE have returned -0.7% over the past month versus the Zacks S&P 500 composite's -1.1% 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.
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.
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For the quarter ended September 2023, IntercontinentalExchange (ICE - Free Report) reported revenue of $2 billion, up 10.6% over the same period last year. EPS came in at $1.46, compared to $1.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.01 billion, representing a surprise of -0.40%. The company delivered an EPS surprise of +4.29%, with the consensus EPS estimate being $1.40.
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: 3,510 thousand versus 3,312.28 thousand estimated by four analysts on average.
- Average Daily volume (ADV) in Lots - Agricultural and metals futures and options: 419 thousand compared to the 414.98 thousand average estimate based on four analysts.
- Average Daily volume (ADV) in Lots - Financial futures and options: 2,316 thousand versus the four-analyst average estimate of 2,801.24 thousand.
- Average Daily Volume (ADV) in Lots - Total Futures & Options: 6,245 thousand versus 6,230.1 thousand estimated by four analysts on average.
- Revenues- Exchanges Segment (less transaction-based): $1.11 billion versus $1.11 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +11.3% change.
- Revenues- Fixed Income and Data Services Segment: $559 million compared to the $560.97 million average estimate based on six analysts. The reported number represents a change of +4.7% year over year.
- Revenues- Mortgage Technology Segment: $330 million versus $326.19 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19.6% change.
- Revenues- Exchanges Segment- Data and connectivity services: $236 million versus $229.51 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
- Revenues- Mortgage Technology Segment- Closing solutions: $48 million compared to the $47.31 million average estimate based on five analysts. The reported number represents a change of -9.4% year over year.
- Revenues- Mortgage Technology Segment- Origination technology: $172 million versus the five-analyst average estimate of $177.01 million. The reported number represents a year-over-year change of -8%.
- Revenues- Exchanges Segment- OTC and other: $104 million compared to the $107.61 million average estimate based on five analysts. The reported number represents a change of -14.1% year over year.
- Revenues- Mortgage Technology Segment- Data and analytics: $69 million versus $36.05 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +213.6% change.
View all Key Company Metrics for ICE here>>>Shares of ICE have returned -0.7% over the past month versus the Zacks S&P 500 composite's -1.1% 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.
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 >>
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