We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
MarketAxess (MKTX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Wall Street analysts expect MarketAxess (MKTX - Free Report) to post quarterly earnings of $1.82 per share in its upcoming report, which indicates a year-over-year decline of 5.2%. Revenues are expected to be $210.63 million, up 0.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some MarketAxess metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues- Information services' will reach $12.99 million. The estimate suggests a change of +9.3% year over year.
Based on the collective assessment of analysts, 'Revenues- Commissions' should arrive at $185.39 million. The estimate points to a change of +0.3% from the year-ago quarter.
Analysts forecast 'Revenues- Post-trade services' to reach $11.14 million. The estimate indicates a year-over-year change of +3.8%.
Analysts expect 'Total commission revenue- Total variable transaction fees- Rates' to come in at $6.71 million. The estimate indicates a year-over-year change of +29.9%.
The collective assessment of analysts points to an estimated 'Average Variable Transaction Fee Per Million - Credit' of $143.75. The estimate is in contrast to the year-ago figure of $154.15.
According to the collective judgment of analysts, 'Average Daily Volume - Total' should come in at $40.74 billion. The estimate compares to the year-ago value of $32.63 billion.
Analysts' assessment points toward 'Average Daily Volume - Total credit trading' reaching $16.04 billion. Compared to the present estimate, the company reported $14.98 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Average Daily Volume - Total rates trading' will likely reach $24.70 billion. The estimate is in contrast to the year-ago figure of $17.65 billion.
The consensus among analysts is that 'Average Variable Transaction Fee Per Million - Rates' will reach $4.43. The estimate is in contrast to the year-ago figure of $4.79.
The average prediction of analysts places 'Average Daily Volume - Total credit trading - Emerging markets' at $4.03 billion. Compared to the present estimate, the company reported $3.63 billion in the same quarter last year.
Analysts predict that the 'Average Daily Volume - Total credit trading - High-grade' will reach $7.55 billion. Compared to the present estimate, the company reported $7.48 billion in the same quarter last year.
The consensus estimate for 'Average Daily Volume - Total credit trading - Eurobonds' stands at $2.38 billion. Compared to the present estimate, the company reported $2.05 billion in the same quarter last year.
Shares of MarketAxess have demonstrated returns of +9.1% over the past month compared to the Zacks S&P 500 composite's +11.5% change. With a Zacks Rank #3 (Hold), MKTX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
MarketAxess (MKTX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect MarketAxess (MKTX - Free Report) to post quarterly earnings of $1.82 per share in its upcoming report, which indicates a year-over-year decline of 5.2%. Revenues are expected to be $210.63 million, up 0.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some MarketAxess metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Revenues- Information services' will reach $12.99 million. The estimate suggests a change of +9.3% year over year.
Based on the collective assessment of analysts, 'Revenues- Commissions' should arrive at $185.39 million. The estimate points to a change of +0.3% from the year-ago quarter.
Analysts forecast 'Revenues- Post-trade services' to reach $11.14 million. The estimate indicates a year-over-year change of +3.8%.
Analysts expect 'Total commission revenue- Total variable transaction fees- Rates' to come in at $6.71 million. The estimate indicates a year-over-year change of +29.9%.
The collective assessment of analysts points to an estimated 'Average Variable Transaction Fee Per Million - Credit' of $143.75. The estimate is in contrast to the year-ago figure of $154.15.
According to the collective judgment of analysts, 'Average Daily Volume - Total' should come in at $40.74 billion. The estimate compares to the year-ago value of $32.63 billion.
Analysts' assessment points toward 'Average Daily Volume - Total credit trading' reaching $16.04 billion. Compared to the present estimate, the company reported $14.98 billion in the same quarter last year.
The combined assessment of analysts suggests that 'Average Daily Volume - Total rates trading' will likely reach $24.70 billion. The estimate is in contrast to the year-ago figure of $17.65 billion.
The consensus among analysts is that 'Average Variable Transaction Fee Per Million - Rates' will reach $4.43. The estimate is in contrast to the year-ago figure of $4.79.
The average prediction of analysts places 'Average Daily Volume - Total credit trading - Emerging markets' at $4.03 billion. Compared to the present estimate, the company reported $3.63 billion in the same quarter last year.
Analysts predict that the 'Average Daily Volume - Total credit trading - High-grade' will reach $7.55 billion. Compared to the present estimate, the company reported $7.48 billion in the same quarter last year.
The consensus estimate for 'Average Daily Volume - Total credit trading - Eurobonds' stands at $2.38 billion. Compared to the present estimate, the company reported $2.05 billion in the same quarter last year.
View all Key Company Metrics for MarketAxess here>>>
Shares of MarketAxess have demonstrated returns of +9.1% over the past month compared to the Zacks S&P 500 composite's +11.5% change. With a Zacks Rank #3 (Hold), MKTX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>