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CBOE (CBOE) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2023, CBOE Global (CBOE - Free Report) reported revenue of $471.4 million, up 12.8% over the same period last year. EPS came in at $1.90, compared to $1.73 in the year-ago quarter.
The reported revenue represents a surprise of -2.00% over the Zacks Consensus Estimate of $481.03 million. With the consensus EPS estimate being $1.85, the EPS surprise was +2.70%.
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.
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 CBOE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Daily Volume by Product - Options - Index options: 3595 thousand versus the three-analyst average estimate of 3231.1 thousand.
Average Daily Volume by Product - Futures: 231.8 thousand compared to the 216.1 thousand average estimate based on three analysts.
Average Revenue Per Contract by Product - Futures: $1.73 versus the three-analyst average estimate of $1.67.
Average Revenue Per Contract by Product - Options - Index options: $0.89 versus $0.89 estimated by three analysts on average.
Average Revenue Per Contract by Product - Options - Multiple - Listed Options: $0.06 compared to the $0.06 average estimate based on three analysts.
Revenues- Access and capacity fees: $84.20 million compared to the $85.59 million average estimate based on seven analysts. The reported number represents a change of +8.1% year over year.
Revenues- Market data fees: $70.90 million versus the seven-analyst average estimate of $73.72 million. The reported number represents a year-over-year change of +0.3%.
Revenues- Transaction and clearing fees: $732.50 million versus the five-analyst average estimate of $591.77 million. The reported number represents a year-over-year change of -4.8%.
Revenues- Other revenue: $16.10 million versus $12.12 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +17.5% change.
Revenues- Regulatory fees: $84.50 million versus $78.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +98.4% change.
Shares of CBOE have returned +0.8% over the past month versus the Zacks S&P 500 composite's -0.9% 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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CBOE (CBOE) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2023, CBOE Global (CBOE - Free Report) reported revenue of $471.4 million, up 12.8% over the same period last year. EPS came in at $1.90, compared to $1.73 in the year-ago quarter.
The reported revenue represents a surprise of -2.00% over the Zacks Consensus Estimate of $481.03 million. With the consensus EPS estimate being $1.85, the EPS surprise was +2.70%.
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.
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 CBOE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Daily Volume by Product - Options - Index options: 3595 thousand versus the three-analyst average estimate of 3231.1 thousand.
- Average Daily Volume by Product - Futures: 231.8 thousand compared to the 216.1 thousand average estimate based on three analysts.
- Average Revenue Per Contract by Product - Futures: $1.73 versus the three-analyst average estimate of $1.67.
- Average Revenue Per Contract by Product - Options - Index options: $0.89 versus $0.89 estimated by three analysts on average.
- Average Revenue Per Contract by Product - Options - Multiple - Listed Options: $0.06 compared to the $0.06 average estimate based on three analysts.
- Revenues- Access and capacity fees: $84.20 million compared to the $85.59 million average estimate based on seven analysts. The reported number represents a change of +8.1% year over year.
- Revenues- Market data fees: $70.90 million versus the seven-analyst average estimate of $73.72 million. The reported number represents a year-over-year change of +0.3%.
- Revenues- Transaction and clearing fees: $732.50 million versus the five-analyst average estimate of $591.77 million. The reported number represents a year-over-year change of -4.8%.
- Revenues- Other revenue: $16.10 million versus $12.12 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +17.5% change.
- Revenues- Regulatory fees: $84.50 million versus $78.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +98.4% change.
View all Key Company Metrics for CBOE here>>>Shares of CBOE have returned +0.8% over the past month versus the Zacks S&P 500 composite's -0.9% 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.