Financial Data and Key Metrics Changes - The energy business has seen revenues nearly double over the last three years, with a year-over-year volume increase of 18% [3][4]. - The company has experienced a healthy double-digit growth despite a perceived slowdown since May [4]. Business Line Data and Key Metrics Changes - The energy market is undergoing significant changes due to trade policies and energy transition discussions, impacting risk management and trading volumes [5][6]. - The mortgage business has seen a decline in new loan volumes due to high interest rates, but the total addressable market (TAM) is believed to have grown due to acquisitions like Black Knight [34][35]. Market Data and Key Metrics Changes - The company has adapted to changes in the energy ecosystem, including shifts in LNG trade routes and OPEC+ volatility, which could impact long-term business [17][19]. - The bond business grew by 30%, indicating a strong performance compared to peers, which remained flat [66]. Company Strategy and Development Direction - The company is focused on building a network for mortgage services, emphasizing the importance of connectivity among market participants rather than just software solutions [46][50]. - The company aims to leverage its existing infrastructure to enhance efficiency and reduce costs in the mortgage process, potentially leading to increased pricing power [51]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the energy business's resilience despite geopolitical uncertainties, noting that the risk management framework can accommodate various outcomes [10][28]. - There is a positive outlook for the data business, with increased demand and engagement from clients, indicating a shift from previous hesitance [78][80]. Other Important Information - The company is training internal successors for leadership roles, aiming for continuity in management and strategic direction [86][88]. - The company has initiated share buybacks as part of its capital allocation strategy, indicating confidence in its valuation and future growth prospects [75]. Q&A Session Summary Question: Is retail trading a priority for ICE? - Management indicated that while there was initial concern about retail trading competition, the company has shifted focus to empowering its B2B clients through technology [58][60]. Question: Is ICE still ambitious about the analog to digital conversion in fixed income trading? - Management acknowledged being late to the conversion but noted that the bond business has grown significantly due to the development of a high-value ecosystem [63][66]. Question: What is the pipeline for new mortgage deals with large banks? - There is ongoing competition between non-bank and traditional banks, with discussions about potential regulatory changes that could benefit large banks and increase their investment in digital platforms [71][72].

27 May 2025 | 4:49AM EDT Intercontinental Exchange Inc. (ICE): Structural underpinnings within Energy + Improving growth in Mortgage leaves us bullish; mgmt We hosted meetings with Buy-rated ICE's CEO, Jeff Sprecher, President Ben Jackson, CFO Warren Gardiner, COO Stuart Williams, and President of Fixed Income & Data Services Chris Edmonds. We come away with a handful of positives from the meeting, which we believe will remain supportive of the stock's durable >10% EPS growth trajectory with healthy momentu ...

Meeting with Intercontinental Exchange Inc's ICE top management indicated that the company is poised for durable earnings growth of more than 10%, "with healthy momentum” across its three business segments, according to Goldman Sachs.The Intercontinental Exchange Analyst: Analyst Alexander Blostein maintained a Buy rating.The Intercontinental Exchange Thesis: The company is poised to benefit from structural shifts in the energy segment and improving growth in mortgage, Blostein said in the note.Check out ot ...

Shares of Intercontinental Exchange Inc. (ICE) traded near its 52-week high of $179.44 on May 22. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Shares closed at $174.00 after gaining 16.8% year to date, outperforming the industry, the sector and the Zacks S&P 500 composite in the same time frame.Intercontinental Exchange has outperformed its peer, Nasdaq, Inc. (NDAQ) , while it underperformed other peers, Cboe Global Markets, Inc. (CBOE) and CME Group ...

IntercontinentalExchange (ICE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...

Financial Data and Key Metrics Changes - In 2024, the company achieved record revenues of $9.3 billion, a 16% increase compared to the previous year, marking the strongest year in ICE's history [4] - Adjusted earnings per share reached a record high, contributing to the overall growth trajectory of the company [4] Business Line Data and Key Metrics Changes - The exchanges segment, including the New York Stock Exchange, saw net revenues grow by 12% year over year to a record $5 billion, driven primarily by the energy business, which generated $1.9 billion in total revenues, a 25% increase from the prior year [4] - The fixed income and data services segment also reported record revenues of $2.3 billion, with the fixed income data and analytics business growing 5% year over year to $1.2 billion [5] - Revenues from the mortgage technology segment totaled $2 billion, reflecting progress in digitizing the mortgage workflow [5] Market Data and Key Metrics Changes - The company noted an increase in open interest in the oil industry by 19%, with a significant rise of 18% in the Brent benchmark contract [32] - Open interest trends in natural gas showed a 4% increase globally, with Europe at 8% and Asia at 45%, indicating strong market participation [34] Company Strategy and Development Direction - The company is focused on innovating across asset classes to enhance efficiency and transparency for customers, aiming to deliver value to stockholders [6] - The strategy emphasizes diversification and positioning within industries undergoing digital transformations, which has historically led to consistent growth [4] Management's Comments on Operating Environment and Future Outlook - Management highlighted positive trends in the residential real estate market, noting improved inventory and slowing price growth, which may benefit homebuyers [31] - The energy sector is expected to see increased demand due to data centers and a shift towards natural gas as a transitional fuel, contributing to a favorable outlook for the company's energy trading and risk management platform [32][34] Other Important Information - The company successfully conducted its annual meeting virtually, allowing stockholders to participate and ask questions through a web portal [2][3] - The board of directors and management team were acknowledged for their efforts in achieving strong results and maintaining corporate governance [6] Q&A Session Summary Question: Trends in the residential real estate market - Management noted improving home inventory and slowing price growth, with the company outperforming the industry due to its focus on digitizing and automating lending practices [31] Question: Forecasts and trends for the energy industry - Management observed an increase in market participants in the energy sector, contributing to record volumes and revenues, with open interest in oil and natural gas showing significant growth [32][34]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Intercontinental Exchange (ICE) reported first-quarter 2025 adjusted earnings per share of $1.72, which beat the Zacks Consensus Estimate by 1.2%. The bottom line increased 16.2% on a year-over-year basis. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Intercontinental delivered solid results in all three segments. The performance reflected the strength of a balanced and diversified business as well as the results of the strategic investments it has made. The quarter witnessed reco ...

IntercontinentalExchange (ICE) reported $2.47 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 8%. EPS of $1.72 for the same period compares to $1.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.46 billion, representing a surprise of +0.49%. The company delivered an EPS surprise of +1.18%, with the consensus EPS estimate being $1.70.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

IntercontinentalExchange (ICE) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.18%. A quarter ago, it was expected that this owner of the New York Stock Exchange and other stock markets would post earnings of $1.49 per share when it actually produced earnings of $1.52, delivering a ...