TMX Group Ltd reports results for the quarter ended in September 30 - Earnings Summary

TMX

31/10/2024 02:47

* TMX Group Ltd  X.TO  reported quarterly adjusted earnings
of 41
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 35 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 39 cents per share. Wall Street
expected results to range from 38 cents to 41 cents per share.
    * Revenue rose 23.1% to C$353.80 million from a year ago;
analysts
expected C$351.02 million. 
    * TMX Group Ltd's reported EPS for the quarter was 30
cents​.
    * The company reported quarterly net income of C$82.7
million.
    * TMX Group Ltd shares had risen by 3.4% this quarter and
gained 36.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
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 2 "strong buy" or "buy," 6
"hold" and no "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 TMX Group Ltd is
C$45.00 
This summary was machine generated from LSEG data October 31 at
02:46 a.m. UTC. ​All figures in Canadian 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
 Sep. 30 2024      0.39           0.41           Beat
 Jun. 30 2024      0.42           0.43           Beat
 Mar. 31 2024      0.38           0.38           Met
 Dec. 31 2023      0.37           0.37           Met