Wall Street analysts forecast that IntercontinentalExchange (ICE) will report quarterly earnings of $1.97 per share in its upcoming release, pointing to a year-over-year increase of 15.2%. It is anticipated that revenues will amount to $2.73 billion, exhibiting an increase of 13.2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific ICE metrics that are commonly monitored and projected by Wall Street analysts.
The average prediction of analysts places 'Revenues- Exchanges Segment (less transaction-based)' at $1.52 billion. The estimate points to a change of +20.4% from the year-ago quarter.
The consensus estimate for 'Revenues- Mortgage Technology Segment' stands at $550.76 million. The estimate indicates a year-over-year change of +4.3%.
The collective assessment of analysts points to an estimated 'Revenues- Exchanges Segment- Energy futures and options' of $593.85 million. The estimate suggests a change of +23.2% year over year.
The consensus among analysts is that 'Revenues- Exchanges Segment- Ags and Metals' will reach $83.04 million. The estimate indicates a change of +62.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Exchanges Segment- Financials' will likely reach $188.46 million. The estimate suggests a change of +35.6% year over year.
Analysts predict that the 'Revenues- Exchanges Segment- Cash equities and equity options' will reach $129.20 million. The estimate suggests a change of +23% year over year.
According to the collective judgment of analysts, 'Revenues- Exchanges Segment- OTC and other' should come in at $108.67 million. The estimate points to a change of +9.8% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Exchanges Segment- Data and connectivity services' will reach $289.67 million. The estimate points to a change of +9.7% from the year-ago quarter.
Analysts expect 'Revenues- Exchanges Segment- Listings' to come in at $130.19 million. The estimate indicates a year-over-year change of +4.2%.
Analysts forecast 'Revenues- Fixed Income and Data Services Segment- Fixed income execution' to reach $32.60 million. The estimate indicates a year-over-year change of -1.2%.
Analysts' assessment points toward 'Revenues- Fixed Income and Data Services Segment- CDS clearing' reaching $96.37 million. The estimate indicates a change of +7.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Fixed Income and Data Services Segment- Fixed income data and analytics' should arrive at $332.39 million. The estimate suggests a change of +6.9% year over year.
View all Key Company Metrics for ICE here>>>Over the past month, ICE shares have recorded returns of +4.7% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #2 (Buy), ICE will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report
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