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Ahead of CME (CME) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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Wall Street analysts expect CME Group (CME - Free Report) to post quarterly earnings of $2.98 per share in its upcoming report, which indicates a year-over-year increase of 11.2%. Revenues are expected to be $1.71 billion, up 11.4% from the year-ago quarter.
The current level reflects an upward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific CME metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Other' reaching $116.19 million. The estimate suggests a change of +8.4% year over year.
The combined assessment of analysts suggests that 'Revenues- Clearing and transaction fees- Energy' will likely reach $194.10 million. The estimate suggests a change of +8.9% year over year.
It is projected by analysts that the 'Revenues- Clearing and transaction fees- Metals' will reach $81.19 million. The estimate suggests a change of +2.3% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Clearing and transaction fees' of $1.36 billion. The estimate indicates a change of +10.8% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Clearing and transaction fees- Interest rates' will reach $454.78 million. The estimate indicates a change of +9% from the prior-year quarter.
According to the collective judgment of analysts, 'Average daily volume' should come in at 29.15 million. The estimate is in contrast to the year-ago figure of 25.32 million.
The consensus estimate for 'Average daily volume- Metals' stands at 955.37 thousand. Compared to the current estimate, the company reported 825.00 thousand in the same quarter of the previous year.
The average prediction of analysts places 'Average daily volume- Interest rates' at 14.83 million. Compared to the current estimate, the company reported 13.38 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Average daily volume- Equity indexes' should arrive at 7.75 million. Compared to the present estimate, the company reported 6.28 million in the same quarter last year.
Analysts forecast 'Average daily volume- Foreign exchange' to reach 968.75 thousand. The estimate is in contrast to the year-ago figure of 834.00 thousand.
Analysts expect 'Average daily volume- Energy' to come in at 2.67 million. The estimate is in contrast to the year-ago figure of 2.30 million.
Analysts predict that the 'Average daily volume- Agricultural commodities' will reach 1.98 million. Compared to the present estimate, the company reported 1.71 million in the same quarter last year.
Over the past month, CME shares have recorded returns of +6.8% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), CME will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of CME (CME) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect CME Group (CME - Free Report) to post quarterly earnings of $2.98 per share in its upcoming report, which indicates a year-over-year increase of 11.2%. Revenues are expected to be $1.71 billion, up 11.4% from the year-ago quarter.
The current level reflects an upward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific CME metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Other' reaching $116.19 million. The estimate suggests a change of +8.4% year over year.
The combined assessment of analysts suggests that 'Revenues- Clearing and transaction fees- Energy' will likely reach $194.10 million. The estimate suggests a change of +8.9% year over year.
It is projected by analysts that the 'Revenues- Clearing and transaction fees- Metals' will reach $81.19 million. The estimate suggests a change of +2.3% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Clearing and transaction fees' of $1.36 billion. The estimate indicates a change of +10.8% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Clearing and transaction fees- Interest rates' will reach $454.78 million. The estimate indicates a change of +9% from the prior-year quarter.
According to the collective judgment of analysts, 'Average daily volume' should come in at 29.15 million. The estimate is in contrast to the year-ago figure of 25.32 million.
The consensus estimate for 'Average daily volume- Metals' stands at 955.37 thousand. Compared to the current estimate, the company reported 825.00 thousand in the same quarter of the previous year.
The average prediction of analysts places 'Average daily volume- Interest rates' at 14.83 million. Compared to the current estimate, the company reported 13.38 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Average daily volume- Equity indexes' should arrive at 7.75 million. Compared to the present estimate, the company reported 6.28 million in the same quarter last year.
Analysts forecast 'Average daily volume- Foreign exchange' to reach 968.75 thousand. The estimate is in contrast to the year-ago figure of 834.00 thousand.
Analysts expect 'Average daily volume- Energy' to come in at 2.67 million. The estimate is in contrast to the year-ago figure of 2.30 million.
Analysts predict that the 'Average daily volume- Agricultural commodities' will reach 1.98 million. Compared to the present estimate, the company reported 1.71 million in the same quarter last year.
View all Key Company Metrics for CME here>>>Over the past month, CME shares have recorded returns of +6.8% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), CME will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .