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Here's What to Expect From Cboe Global (CBOE) in Q3 Earnings

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Cboe Global Markets, Inc. (CBOE - Free Report) is slated to report third-quarter 2022 earnings on Nov 4, before the opening bell. CBOE delivered an earnings surprise in three of the last four quarters, missing in one, the average being 3.59%.

Factors to Consider

Cboe Global’s third-quarter revenues are likely to have benefited from higher transaction fees, driven by higher volumes traded, market data fees and access and capacity fees, and regulatory fees as well as the contribution from acquisitions. The Zacks Consensus Estimate for third-quarter revenues is pegged at $439.6 million, indicating an increase of 19% from the year-ago reported figure.

Cboe Global is likely to have gained from higher volumes across businesses, along with increased demand for data and access solutions.

Improved access and capacity fees and proprietary market data fees are likely to have aided revenues in data and access solutions.

Access and capacity fees are likely to have been aided by higher logical port revenues in the Options and North American Equities segments, increases in physical port revenues in the North American Equities and Options segments, and increased access fees in the Europe and the Asia Pacific segment.

Market data revenues are likely to have been aided by an increase in financial risk analytics market data in the Options segment as well as proprietary market data. The upside is likely to have been partially offset by a decrease in licensing fees.

The Zacks Consensus Estimate for third-quarter market data fees and access and capacity fees is pegged at $71 million and $82 million, indicating growth of 14.5% and 12.3%, respectively, from the prior-year quarter reported figure.

Cboe Global is likely to have benefited from strong proprietary products, VIX futures, VIX options and SPX options. Also, Cboe Global expects to witness solid growth in multi-listed options trading.

Cboe Global estimates interest expenses between $16 million and $17 million in the third quarter of 2022.

The Zacks Consensus Estimate for third-quarter earnings per share is pegged at $1.63, indicating an increase of 12.4% from the prior-year quarter reported figure.

What the Zacks Model Says

Our proven model does not conclusively predict an earnings beat for Cboe Global this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.

Earnings ESP: Cboe Global has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.63 per share. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Cboe Global Markets, Inc. Price and EPS Surprise

Cboe Global Markets, Inc. Price and EPS Surprise

Cboe Global Markets, Inc. price-eps-surprise | Cboe Global Markets, Inc. Quote

Zacks Rank: Cboe Global carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Some stocks worth considering from the finance sector with the perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows:

Host Hotels & Resort (HST - Free Report) has an Earnings ESP of +0.71% and a Zacks Rank of 2. The Zacks Consensus Estimate for third-quarter 2022 earnings is pegged at 39 cents, indicating an increase of 95% from the year-ago reported figure.

HST’s earnings beat estimates in the last four reported quarters.

Broadstone Net Lease (BNL - Free Report) has an Earnings ESP of +2.01% and a Zacks Rank #2. The Zacks Consensus Estimate for third-quarter 2022 earnings is pegged at 37 cents per share, indicating an increase of 12.1% from the year-ago reported figure.

BNL’s earnings missed estimates in three of the last four reported quarters and met estimates in one.

Trean Insurance Group has an Earnings ESP of +11.11% and a Zacks Rank of 3. The Zacks Consensus Estimate for third-quarter 2022 earnings is pegged at 9 cents, indicating a decrease of 40% from the year-ago reported figure.

TIG’s earnings beat estimates in one of the last four reported quarters, missed in two and met the mark in one.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.


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