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

MarketAxess Holdings

06/08/2024 15:21

* Marketaxess Holdings Inc  MKTX.OQ  reported quarterly
adjusted
earnings of $1.72​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.59.  The mean expectation of twelve analysts
for the quarter was for earnings of $1.68 per share. Wall Street
expected results to range from $1.65  to $1.72 per share.
    * Revenue rose 9.9% to $197.66 million from a year ago;
analysts
expected $198.63 million. 
    * Marketaxess Holdings Inc's reported EPS for the quarter
was
$1.72​.
    * The company reported quarterly net income of $64.94
million.
    * Marketaxess Holdings Inc shares had risen by 11.2% this
quarter and lost 23.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.2%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

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." 
    * The average consensus recommendation for the financial &
commodity market operators & service providers peer group is
also "hold"

Wall Street's median 12-month price target for Marketaxess
Holdings Inc is $222.00 
This summary was machine generated from LSEG data August 6 at
02:21 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
 Jun. 30 2024      1.68           1.72           Beat
 Mar. 31 2024      1.87           1.92           Beat
 Dec. 31 2023      1.73           2.09           Beat
 Sep. 30 2023      1.48           1.46           Missed