Tradeweb Markets Inc reports results for the quarter ended in June - Earnings Summary

Tradeweb Markets

25/07/2024 14:52

* Tradeweb Markets Inc  TW.OQ  reported quarterly adjusted
earnings of 70 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 52 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 69 cents
per share. Wall Street expected results to range from 66 cents
to 71 cents per share.
    * Revenue rose 30.4% to $404.95 million from a year ago;
analysts
expected $408.58 million. 
    * Tradeweb Markets Inc's reported EPS for the quarter was 55
cents​.
    * The company reported quarterly net income of $119.24
million.
    * Tradeweb Markets Inc shares had risen by 2.0% this
quarter and
gained 18.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
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 "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial &
commodity market operators & service providers peer group is
also "buy"

Wall Street's median 12-month price target for Tradeweb Markets
Inc is $120.50 
This summary was machine generated from LSEG data July 25 at
01:52 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      0.69           0.70           Beat
 Mar. 31 2024      0.71           0.71           Met
 Dec. 31 2023      0.64           0.64           Met
 Sep. 30 2023      0.55           0.55           Met