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Nasdaq (NDAQ) Reports Q2 Earnings: What Key Metrics Have to Say
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Nasdaq (NDAQ - Free Report) reported $1.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 25.3%. EPS of $0.69 for the same period compares to $0.71 a year ago.
The reported revenue represents a surprise of +2.67% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +7.81%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Nasdaq performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total matched market share executed on Nasdaq exchanges - Cash Equity Trading: 16.1% versus the five-analyst average estimate of 16.7%.
Total matched market share executed on Nasdaq exchanges - Equity Derivative Trading and Clearing: 29.3% versus the five-analyst average estimate of 29.7%.
Total industry average daily volume - Equity Derivative Trading and Clearing: 42.1 million versus 42.46 million estimated by four analysts on average.
Total industry average daily share volume - Cash Equity Trading: 11.8 billion versus 11.69 billion estimated by four analysts on average.
Net Revenues- Market Services: $250 million versus $246.26 million estimated by seven analysts on average.
Net Revenues- Financial Technology: $420 million versus the seven-analyst average estimate of $394.38 million.
Net Revenues- Capital Access Platforms: $481 million versus the seven-analyst average estimate of $478.94 million. The reported number represents a year-over-year change of +9.8%.
Net Revenues- Capital Access Platforms- Workflow and Insights revenues: $127 million versus $126.57 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
Net Revenues- Capital Access Platforms- Index revenues: $167 million compared to the $163.58 million average estimate based on six analysts. The reported number represents a change of +29.5% year over year.
Net Revenues- Capital Access Platforms- Data and Listing Services revenues: $187 million versus $189.46 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Net Revenues- Financial Technology- Capital Markets Technology: $258 million versus the six-analyst average estimate of $239.28 million.
Net Revenues- Financial Technology- Regulatory Technology: $95 million versus the five-analyst average estimate of $93.17 million.
Shares of Nasdaq have returned +5% over the past month versus the Zacks S&P 500 composite's -0.3% 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.
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Nasdaq (NDAQ) Reports Q2 Earnings: What Key Metrics Have to Say
Nasdaq (NDAQ - Free Report) reported $1.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 25.3%. EPS of $0.69 for the same period compares to $0.71 a year ago.
The reported revenue represents a surprise of +2.67% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.64, the EPS surprise was +7.81%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Nasdaq performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total matched market share executed on Nasdaq exchanges - Cash Equity Trading: 16.1% versus the five-analyst average estimate of 16.7%.
- Total matched market share executed on Nasdaq exchanges - Equity Derivative Trading and Clearing: 29.3% versus the five-analyst average estimate of 29.7%.
- Total industry average daily volume - Equity Derivative Trading and Clearing: 42.1 million versus 42.46 million estimated by four analysts on average.
- Total industry average daily share volume - Cash Equity Trading: 11.8 billion versus 11.69 billion estimated by four analysts on average.
- Net Revenues- Market Services: $250 million versus $246.26 million estimated by seven analysts on average.
- Net Revenues- Financial Technology: $420 million versus the seven-analyst average estimate of $394.38 million.
- Net Revenues- Capital Access Platforms: $481 million versus the seven-analyst average estimate of $478.94 million. The reported number represents a year-over-year change of +9.8%.
- Net Revenues- Capital Access Platforms- Workflow and Insights revenues: $127 million versus $126.57 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +4.1% change.
- Net Revenues- Capital Access Platforms- Index revenues: $167 million compared to the $163.58 million average estimate based on six analysts. The reported number represents a change of +29.5% year over year.
- Net Revenues- Capital Access Platforms- Data and Listing Services revenues: $187 million versus $189.46 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net Revenues- Financial Technology- Capital Markets Technology: $258 million versus the six-analyst average estimate of $239.28 million.
- Net Revenues- Financial Technology- Regulatory Technology: $95 million versus the five-analyst average estimate of $93.17 million.
View all Key Company Metrics for Nasdaq here>>>Shares of Nasdaq have returned +5% over the past month versus the Zacks S&P 500 composite's -0.3% 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.