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Tradeweb (TW) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Tradeweb Markets (TW - Free Report) reported revenue of $404.95 million, up 30.4% over the same period last year. EPS came in at $0.70, compared to $0.52 in the year-ago quarter.
The reported revenue represents a surprise of +0.17% over the Zacks Consensus Estimate of $404.27 million. With the consensus EPS estimate being $0.70, the company has not delivered EPS surprise.
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 Tradeweb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average variable fees per million dollars of volume - Money Markets: $0.35 versus the eight-analyst average estimate of $0.35.
Average variable fees per million dollars of volume - Equities: $15.39 versus $15.15 estimated by eight analysts on average.
Average variable fees per million dollars of volume - Credit: $55.33 versus the eight-analyst average estimate of $56.12.
Average variable fees per million dollars of volume - Rates: $2 versus $1.99 estimated by eight analysts on average.
Revenue by Asset Class- Other: $5.95 million versus $5.84 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
Revenue by Asset Class- Total Variable: $294.85 million compared to the $295.55 million average estimate based on eight analysts. The reported number represents a change of +40.2% year over year.
Revenue by Asset Class- Money Markets: $18.05 million versus the eight-analyst average estimate of $17.81 million. The reported number represents a year-over-year change of +14%.
Revenue by Asset Class- Equities: $22.87 million versus the eight-analyst average estimate of $23.52 million. The reported number represents a year-over-year change of +3.3%.
Revenue by Asset Class- Rates- Variable: $157.64 million versus the eight-analyst average estimate of $155.10 million. The reported number represents a year-over-year change of +55.2%.
Revenue by Asset Class- Rates- Fixed: $59.90 million versus the eight-analyst average estimate of $60.38 million. The reported number represents a year-over-year change of +1.9%.
Revenue by Asset Class- Credit- Variable: $102.79 million compared to the $105.15 million average estimate based on eight analysts. The reported number represents a change of +32.9% year over year.
Revenue by Asset Class- Equities- Variable: $20.60 million versus $21.62 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
Shares of Tradeweb have returned +2% 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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Tradeweb (TW) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Tradeweb Markets (TW - Free Report) reported revenue of $404.95 million, up 30.4% over the same period last year. EPS came in at $0.70, compared to $0.52 in the year-ago quarter.
The reported revenue represents a surprise of +0.17% over the Zacks Consensus Estimate of $404.27 million. With the consensus EPS estimate being $0.70, the company has not delivered EPS surprise.
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 Tradeweb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average variable fees per million dollars of volume - Money Markets: $0.35 versus the eight-analyst average estimate of $0.35.
- Average variable fees per million dollars of volume - Equities: $15.39 versus $15.15 estimated by eight analysts on average.
- Average variable fees per million dollars of volume - Credit: $55.33 versus the eight-analyst average estimate of $56.12.
- Average variable fees per million dollars of volume - Rates: $2 versus $1.99 estimated by eight analysts on average.
- Revenue by Asset Class- Other: $5.95 million versus $5.84 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +9.1% change.
- Revenue by Asset Class- Total Variable: $294.85 million compared to the $295.55 million average estimate based on eight analysts. The reported number represents a change of +40.2% year over year.
- Revenue by Asset Class- Money Markets: $18.05 million versus the eight-analyst average estimate of $17.81 million. The reported number represents a year-over-year change of +14%.
- Revenue by Asset Class- Equities: $22.87 million versus the eight-analyst average estimate of $23.52 million. The reported number represents a year-over-year change of +3.3%.
- Revenue by Asset Class- Rates- Variable: $157.64 million versus the eight-analyst average estimate of $155.10 million. The reported number represents a year-over-year change of +55.2%.
- Revenue by Asset Class- Rates- Fixed: $59.90 million versus the eight-analyst average estimate of $60.38 million. The reported number represents a year-over-year change of +1.9%.
- Revenue by Asset Class- Credit- Variable: $102.79 million compared to the $105.15 million average estimate based on eight analysts. The reported number represents a change of +32.9% year over year.
- Revenue by Asset Class- Equities- Variable: $20.60 million versus $21.62 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +3.7% change.
View all Key Company Metrics for Tradeweb here>>>Shares of Tradeweb have returned +2% 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.