We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CME (CME) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
CME Group (CME - Free Report) reported $1.44 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 7.1%. EPS of $2.42 for the same period compares to $2.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +1.87%. The company delivered an EPS surprise of +2.54%, with the consensus EPS estimate being $2.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 CME performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average daily volume (including NYMEX and COMEX): 26873 thousand compared to the 27761.9 thousand average estimate based on four analysts.
Average rate per contract - Interest rates (including NYMEX and COMEX): $0.50 versus $0.50 estimated by four analysts on average.
Average rate per contract - Equity indexes (including NYMEX and COMEX): $0.60 compared to the $0.55 average estimate based on four analysts.
Average rate per contract - Foreign exchange (including NYMEX and COMEX): $0.79 compared to the $0.80 average estimate based on four analysts.
Average rate per contract - Energy (including NYMEX and COMEX): $1.30 versus the four-analyst average estimate of $1.21.
Average rate per contract - Agricultural commodities (including NYMEX and COMEX): $1.35 versus $1.39 estimated by four analysts on average.
Average daily volume - Metals (including NYMEX and COMEX): 649 thousand compared to the 625.98 thousand average estimate based on four analysts.
Average rate per contract (including NYMEX and COMEX): $0.66 compared to the $0.65 average estimate based on four analysts.
Average daily volume - Interest rates (including NYMEX and COMEX): 14490 thousand compared to the 14554.5 thousand average estimate based on four analysts.
Revenues- Other: $75.60 million versus $74.36 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +33.1% change.
Revenues- Market data and information services: $165.80 million versus $158.12 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.
Revenues- Clearing and transaction fees: $1.20 billion versus the seven-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +5.5%.
Shares of CME have returned +0.3% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CME (CME) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
CME Group (CME - Free Report) reported $1.44 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 7.1%. EPS of $2.42 for the same period compares to $2.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +1.87%. The company delivered an EPS surprise of +2.54%, with the consensus EPS estimate being $2.36.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 CME performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average daily volume (including NYMEX and COMEX): 26873 thousand compared to the 27761.9 thousand average estimate based on four analysts.
- Average rate per contract - Interest rates (including NYMEX and COMEX): $0.50 versus $0.50 estimated by four analysts on average.
- Average rate per contract - Equity indexes (including NYMEX and COMEX): $0.60 compared to the $0.55 average estimate based on four analysts.
- Average rate per contract - Foreign exchange (including NYMEX and COMEX): $0.79 compared to the $0.80 average estimate based on four analysts.
- Average rate per contract - Energy (including NYMEX and COMEX): $1.30 versus the four-analyst average estimate of $1.21.
- Average rate per contract - Agricultural commodities (including NYMEX and COMEX): $1.35 versus $1.39 estimated by four analysts on average.
- Average daily volume - Metals (including NYMEX and COMEX): 649 thousand compared to the 625.98 thousand average estimate based on four analysts.
- Average rate per contract (including NYMEX and COMEX): $0.66 compared to the $0.65 average estimate based on four analysts.
- Average daily volume - Interest rates (including NYMEX and COMEX): 14490 thousand compared to the 14554.5 thousand average estimate based on four analysts.
- Revenues- Other: $75.60 million versus $74.36 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +33.1% change.
- Revenues- Market data and information services: $165.80 million versus $158.12 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.
- Revenues- Clearing and transaction fees: $1.20 billion versus the seven-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +5.5%.
View all Key Company Metrics for CME here>>>Shares of CME have returned +0.3% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.