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Here's What Key Metrics Tell Us About CME (CME) Q3 Earnings
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CME Group (CME - Free Report) reported $1.34 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9%. EPS of $2.25 for the same period compares to $1.98 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.34 billion, representing a surprise of +0.01%. The company delivered an EPS surprise of +1.81%, with the consensus EPS estimate being $2.21.
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.
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 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): 22,349 thousand compared to the 22,741.09 thousand average estimate based on five analysts.
Average rate per contract - Interest rates (including NYMEX and COMEX): $0.51 versus $0.50 estimated by five analysts on average.
Average rate per contract - Equity indexes (including NYMEX and COMEX): $0.63 compared to the $0.62 average estimate based on five analysts.
Average rate per contract - Foreign exchange (including NYMEX and COMEX): $0.79 compared to the $0.79 average estimate based on five analysts.
Average rate per contract - Energy (including NYMEX and COMEX): $1.32 versus $1.29 estimated by five analysts on average.
Average rate per contract - Agricultural commodities (including NYMEX and COMEX): $1.33 versus the five-analyst average estimate of $1.37.
Average daily volume - Metals (including NYMEX and COMEX): 528 thousand compared to the 533.6 thousand average estimate based on five analysts.
Average rate per contract (including NYMEX and COMEX): $0.71 versus $0.69 estimated by five analysts on average.
Average daily volume - Interest rates (including NYMEX and COMEX): 10,967 thousand versus the five-analyst average estimate of 11,104.65 thousand.
Average rate per contract - Metals (including NYMEX and COMEX): $1.49 versus the five-analyst average estimate of $1.54.
Revenues- Market data and information services: $167.60 million versus the seven-analyst average estimate of $164.04 million. The reported number represents a year-over-year change of +8.6%.
Revenues- Other: $84.70 million versus the seven-analyst average estimate of $79.79 million. The reported number represents a year-over-year change of +13.1%.
Shares of CME have returned +7.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About CME (CME) Q3 Earnings
CME Group (CME - Free Report) reported $1.34 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 9%. EPS of $2.25 for the same period compares to $1.98 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.34 billion, representing a surprise of +0.01%. The company delivered an EPS surprise of +1.81%, with the consensus EPS estimate being $2.21.
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.
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 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): 22,349 thousand compared to the 22,741.09 thousand average estimate based on five analysts.
- Average rate per contract - Interest rates (including NYMEX and COMEX): $0.51 versus $0.50 estimated by five analysts on average.
- Average rate per contract - Equity indexes (including NYMEX and COMEX): $0.63 compared to the $0.62 average estimate based on five analysts.
- Average rate per contract - Foreign exchange (including NYMEX and COMEX): $0.79 compared to the $0.79 average estimate based on five analysts.
- Average rate per contract - Energy (including NYMEX and COMEX): $1.32 versus $1.29 estimated by five analysts on average.
- Average rate per contract - Agricultural commodities (including NYMEX and COMEX): $1.33 versus the five-analyst average estimate of $1.37.
- Average daily volume - Metals (including NYMEX and COMEX): 528 thousand compared to the 533.6 thousand average estimate based on five analysts.
- Average rate per contract (including NYMEX and COMEX): $0.71 versus $0.69 estimated by five analysts on average.
- Average daily volume - Interest rates (including NYMEX and COMEX): 10,967 thousand versus the five-analyst average estimate of 11,104.65 thousand.
- Average rate per contract - Metals (including NYMEX and COMEX): $1.49 versus the five-analyst average estimate of $1.54.
- Revenues- Market data and information services: $167.60 million versus the seven-analyst average estimate of $164.04 million. The reported number represents a year-over-year change of +8.6%.
- Revenues- Other: $84.70 million versus the seven-analyst average estimate of $79.79 million. The reported number represents a year-over-year change of +13.1%.
View all Key Company Metrics for CME here>>>Shares of CME have returned +7.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.