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

MarketAxess Holdings

07/05/2024 14:31

* Marketaxess Holdings Inc  MKTX.OQ  reported quarterly
adjusted
earnings of $1.92​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.96.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.87 per share. Wall Street
expected results to range from $1.81  to $1.91 per share.
    * Revenue rose 3.5% to $210.32 million from a year ago;
analysts
expected $212.66 million. 
    * Marketaxess Holdings Inc's reported EPS for the quarter
was
$1.92​.
    * The company reported quarterly net income of $72.62
million.
    * Marketaxess Holdings Inc shares had fallen by 6.1% this
quarter and lost 29.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, two 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 2 "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 $235.50 
This summary was machine generated from LSEG data May 7 at 01:31
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
 Mar. 31 2024      1.87           1.92           Beat
 Dec. 31 2023      1.73           2.09           Beat
 Sep. 30 2023      1.48           1.46           Missed
 Jun. 30 2023      1.57           1.59           Beat