Marketaxess Holdings Inc reports results for the quarter ended in December - Earnings Summary

MarketAxess Holdings

31/01/2024 14:33

* Marketaxess Holdings Inc  MKTX.OQ  reported quarterly
adjusted
earnings of $2.09​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.58.  The mean expectation of twelve analysts
for the quarter was for earnings of $1.73 per share. Wall Street
expected results to range from $1.68  to $1.79 per share.
    * Revenue rose 10.9% to $197.25 million from a year ago;
analysts
expected $197.33 million. 
    * Marketaxess Holdings Inc's reported EPS for the quarter
was
$1.84​.
    * The company reported quarterly net income of $69.63
million.
    * Marketaxess Holdings Inc shares had fallen by 6.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Marketaxess
Holdings Inc is $283.00 

This summary was machine generated from LSEG data January 31 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.73           2.09           Beat
 Sep. 30 2023      1.48           1.46           Missed
 Jun. 30 2023      1.57           1.59           Beat
 Mar. 31 2023      1.90           1.96           Beat