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.
Intercontinental Exchange, Inc. (ICE - Free Report) is the largest global stock and derivative exchange operator post the NYSE acquisition in Nov 2013. With disciplined expense management, strategic acquisitions and consistent focus on organic growth initiatives boost operating leverage.
Timely achievement of cost synergies and global expansion strategy are expected to contribute positively to earnings. Alongside, strong operating cash flow and improved financial leverage also help maintain a healthy balance sheet.
Intercontinental Exchange’s tactical business model is crucial for countering risks from stiff competition, currency fluctuations, weak rate per contract and regulatory challenges.
Overall, Intercontinental Exchange surpassed estimates in three of the last four quarters that led to an average earnings surprise of +2.6 %.
Currently, Intercontinental Exchange has a Zacks Rank #3 (Hold), but that could definitely change following its second-quarter earnings report that has just been released. The key takeaways from this immediate announcement are highlighted below:
Earnings: Intercontinental Exchange earnings beat our expectations. Our consensus called for EPS of $3.38, while the company reported $3.43.
Revenue: Net revenues marginally surpassed our estimate. The company reported revenues of $1.13 billion, compared to our consensus of $1.11 billion.
Key Stats to Note: Total operating expenses soared 57.5% year over year to $578 million in the quarter. Operating income improved 28% to $551 million.
Long-term debt stood at $4.7 billion, inched up 0.02% from 2015-end level.
The company expects adjusted operating expenses in the range of $485-$495 million for the third quarter of 2016 and $1.94- $1.97 billion for full-year 2016.
The board of directors approved a 5-for-1 stock split to enhance trading efficiency and accessibility and a new $1 billion share buyback program
Check back later for our full write up on this Intercontinental Exchange earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intercontinental Exchange (ICE) Q2 Earnings Beat Estimates
Intercontinental Exchange, Inc. (ICE - Free Report) is the largest global stock and derivative exchange operator post the NYSE acquisition in Nov 2013. With disciplined expense management, strategic acquisitions and consistent focus on organic growth initiatives boost operating leverage.
Timely achievement of cost synergies and global expansion strategy are expected to contribute positively to earnings. Alongside, strong operating cash flow and improved financial leverage also help maintain a healthy balance sheet.
Intercontinental Exchange’s tactical business model is crucial for countering risks from stiff competition, currency fluctuations, weak rate per contract and regulatory challenges.
Overall, Intercontinental Exchange surpassed estimates in three of the last four quarters that led to an average earnings surprise of +2.6 %.
Currently, Intercontinental Exchange has a Zacks Rank #3 (Hold), but that could definitely change following its second-quarter earnings report that has just been released. The key takeaways from this immediate announcement are highlighted below:
Earnings: Intercontinental Exchange earnings beat our expectations. Our consensus called for EPS of $3.38, while the company reported $3.43.
INTERCONTNTLEXC Price and EPS Surprise
INTERCONTNTLEXC Price and EPS Surprise | INTERCONTNTLEXC Quote
Revenue: Net revenues marginally surpassed our estimate. The company reported revenues of $1.13 billion, compared to our consensus of $1.11 billion.
Key Stats to Note: Total operating expenses soared 57.5% year over year to $578 million in the quarter. Operating income improved 28% to $551 million.
Long-term debt stood at $4.7 billion, inched up 0.02% from 2015-end level.
The company expects adjusted operating expenses in the range of $485-$495 million for the third quarter of 2016 and $1.94- $1.97 billion for full-year 2016.
The board of directors approved a 5-for-1 stock split to enhance trading efficiency and accessibility and a new $1 billion share buyback program
Check back later for our full write up on this Intercontinental Exchange earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report