Overview
Market operator's Q4 net revenue rosw
Company announced quarterly dividend and refreshed stock repurchase program
Result Drivers
OTCID LAUNCH - The launch of OTCID contributed to significant revenue growth in Corporate Services, with a 55% increase in revenues from OTCID and Pink Limited subscribers
TRADING VOLUME - Increased trading volume on OTC Link platforms boosted transaction-based revenues by 12%
PRICE INCREASES - Market Data Licensing revenues rose 17% due to price increases and subscriber growth
Company press release: ID:nGNXZL0bw
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$31.74 mln
$31.89 mln (1 Analyst)
Q4 Adjusted EPS
Beat
$1.14
$0.72 (1 Analyst)
Q4 Net Income
$9.24 mln
Q4 Income from Operations
$11.52 mln
Q4 Operating Margin
36.30%
Q4 Pretax Profit
$11.84 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
Wall Street's median 12-month price target for OTC Markets Group Inc is $65.00, about 24.9% above its March 3 closing price of $52.02
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)