MarketAxess (MKTX Quick QuoteMKTX - Free Report) reported $197.66 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.9%. EPS of $1.72 for the same period compares to $1.63 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $198.26 million, representing a surprise of -0.30%. The company delivered an EPS surprise of +1.78%, with the consensus EPS estimate being $1.69.

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 MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Average Variable Transaction Fee Per Million - Rates

  : $4.45 versus the five-analyst average estimate of $4.62.

• Average Variable Transaction Fee Per Million - Credit

  : $148.16 versus $148.09 estimated by five analysts on average.

• Average Daily Volume - Total rates trading

  : $20.43 billion versus $18.77 billion estimated by four analysts on average.

• Trading Volume - Total credit trading

  : $861.54 billion versus the four-analyst average estimate of $853.56 billion.

• Revenues- Commissions

  : $171.68 million compared to the $173.29 million average estimate based on six analysts. The reported number represents a change of +8.3% year over year.

• Revenues- Information services

  : $12.54 million compared to the $12.55 million average estimate based on six analysts. The reported number represents a change of +7.6% year over year.

• Revenues- Technology services

  : $3.04 million versus the six-analyst average estimate of $2.76 million.

• Revenues- Post-trade services

  : $10.40 million compared to the $10.36 million average estimate based on six analysts. The reported number represents a change of +10.5% year over year.

• Total commission revenue- Total variable transaction fees- Credit

  : $127.65 million versus $128.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.

• Total commission revenue- Total fixed distribution fees

  : $33.24 million versus $34.49 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.9% change.

• Total commission revenue- Total variable transaction fees

  : $138.44 million compared to the $138.95 million average estimate based on four analysts. The reported number represents a change of +12.3% year over year.

• Total commission revenue- Total variable transaction fees- Rates

  : $5.72 million versus the four-analyst average estimate of $5.50 million. The reported number represents a year-over-year change of +25.8%.

View all Key Company Metrics for MarketAxess here>>>

Shares of MarketAxess have returned +9.1% over the past month versus the Zacks S&P 500 composite's -6.7% 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.