We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CBOE (CBOE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended June 2023, CBOE Global (CBOE - Free Report) reported revenue of $467.1 million, up 10.1% over the same period last year. EPS came in at $1.78, compared to $1.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $467.18 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.14%, with the consensus EPS estimate being $1.76.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CBOE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Revenue Per Contract by Product - Options - Index options: $0.88 versus $0.89 estimated by five analysts on average.
Average daily volume - Total company Options: 14306 thousand compared to the 14274.97 thousand average estimate based on five analysts.
Average Revenue Per Contract by Product - Futures: $1.83 versus the five-analyst average estimate of $1.73.
Average Daily Volume by Product - Options - Index options: 3683 thousand versus 3387.01 thousand estimated by five analysts on average.
Average Daily Volume by Product - Futures: 197.4 thousand versus the five-analyst average estimate of 200.94 thousand.
Average Revenue Per Contract by Product - Options - Multiple - Listed Options: $0.06 versus the five-analyst average estimate of $0.06.
Average Daily Volume by company Options - Multi-listed options: 10622 thousand versus the five-analyst average estimate of 10887.96 thousand.
Revenues- Access and capacity fees: $86.90 million versus $87.58 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
Revenues- Market data fees: $73.50 million compared to the $72.49 million average estimate based on seven analysts. The reported number represents a change of +6.8% year over year.
Revenues- Other revenue: $17.30 million versus the six-analyst average estimate of $15.35 million. The reported number represents a year-over-year change of +32.1%.
Revenues- Regulatory fees: $44.40 million versus $79.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -48.9% change.
Revenues- Transaction and clearing fees: $685.70 million compared to the $759.85 million average estimate based on three analysts. The reported number represents a change of -6.8% year over year.
Shares of CBOE have returned +2.3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CBOE (CBOE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, CBOE Global (CBOE - Free Report) reported revenue of $467.1 million, up 10.1% over the same period last year. EPS came in at $1.78, compared to $1.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $467.18 million, representing a surprise of -0.02%. The company delivered an EPS surprise of +1.14%, with the consensus EPS estimate being $1.76.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how CBOE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Revenue Per Contract by Product - Options - Index options: $0.88 versus $0.89 estimated by five analysts on average.
- Average daily volume - Total company Options: 14306 thousand compared to the 14274.97 thousand average estimate based on five analysts.
- Average Revenue Per Contract by Product - Futures: $1.83 versus the five-analyst average estimate of $1.73.
- Average Daily Volume by Product - Options - Index options: 3683 thousand versus 3387.01 thousand estimated by five analysts on average.
- Average Daily Volume by Product - Futures: 197.4 thousand versus the five-analyst average estimate of 200.94 thousand.
- Average Revenue Per Contract by Product - Options - Multiple - Listed Options: $0.06 versus the five-analyst average estimate of $0.06.
- Average Daily Volume by company Options - Multi-listed options: 10622 thousand versus the five-analyst average estimate of 10887.96 thousand.
- Revenues- Access and capacity fees: $86.90 million versus $87.58 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
- Revenues- Market data fees: $73.50 million compared to the $72.49 million average estimate based on seven analysts. The reported number represents a change of +6.8% year over year.
- Revenues- Other revenue: $17.30 million versus the six-analyst average estimate of $15.35 million. The reported number represents a year-over-year change of +32.1%.
- Revenues- Regulatory fees: $44.40 million versus $79.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -48.9% change.
- Revenues- Transaction and clearing fees: $685.70 million compared to the $759.85 million average estimate based on three analysts. The reported number represents a change of -6.8% year over year.
View all Key Company Metrics for CBOE here>>>Shares of CBOE have returned +2.3% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.