In its upcoming report, IntercontinentalExchange (ICE) is predicted by Wall Street analysts to post quarterly earnings of $1.49 per share, reflecting an increase of 12% compared to the same period last year. Revenues are forecasted to be $2.32 billion, representing a year-over-year increase of 5.3%.The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised thei ...

Wall Street expects a year-over-year increase in earnings on higher revenues when IntercontinentalExchange (ICE) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released o ...

Group 1 - Interest rate volatility has decreased from high levels prior to the 2024 US general election, but the ICE BofA MOVE Index reading at 95% remains elevated compared to historical levels [1] - Intermediate-term Treasury yields are still above 4.5%, presenting a challenging environment for investors [1]

Group 1: Acquisition Overview - Intercontinental Exchange, Inc. (ICE) has acquired American Financial Exchange (AFX) from 7RIDGE, enhancing its mortgage technology network and product offerings [1] - AFX is an electronic exchange that facilitates direct lending and borrowing for American banks, particularly serving regional, midsize, community, and minority-owned banks [2] Group 2: Strategic Fit and Market Position - The acquisition of AFX is seen as a natural fit for ICE, complementing its global index business and mortgage technology network [2] - ICE is the second-largest fixed-income provider globally, managing over $1 trillion in benchmark assets across more than 5,000 indices [5] Group 3: Financial Impact and Future Outlook - The acquisition is not expected to materially impact ICE's financial results for 2025 or its capital return plans [4] - Strength in the index business and increased activity due to interest rate volatility are anticipated to drive data revenues in the future [3] Group 4: Historical Performance and Shareholder Value - ICE has a strong history of acquisitions that have contributed to growth and expense synergies, enhancing its product suite and services [6] - Shares of ICE have increased by 14.8% over the past year, compared to a 17.5% increase in the industry [7]

Price Performance and Market Position - ICE's share price was $146 58 as of Jan 6 2025 down 12 7% from its 52-week high of $167 99 [1] - The company has a market capitalization of $84 2 billion making it the second-largest global fixed-income provider [2] - ICE shares have lost 8 7% in the past three months underperforming its industry's increase of 0 4% the sector's rise of 3 6% and the Zacks S&P 500 composite's gain of 5 1% [5] Growth Projections and Analyst Targets - The Zacks Consensus Estimate for 2025 earnings is $6 75 indicating a year-over-year improvement of 11 1% on 6 1% higher revenues of about $10 billion [9] - The expected long-term earnings growth rate is 10% better than the industry average of 8 5% [9] - The average price target from 16 analysts is $184 94 per share suggesting a potential 23 42% upside from the current price [8] Business Strengths and Opportunities - ICE's top line is expected to improve due to strength in global data services and index business growth in pricing and reference data business and solid desktop feeds and derivatives analytics [10] - The company has the largest mortgage network in the US positioning it well to benefit from accelerated digitization in the residential mortgage industry [11] - ICE has achieved expense synergies from strategic acquisitions which have strengthened its portfolio and expanded its presence [10] Financial Metrics and Valuation - ICE's return on invested capital (ROIC) in the trailing 12 months was 6 2% higher than the industry average of 5% [13] - The trailing 12-month return on equity (ROE) was 12 8% which is lower than the industry average of 13 3% [13] - ICE shares are trading at a forward price-to-earnings ratio of 21 67X lower than the industry average of 22 4X [14] Challenges and Risks - Operating expenses have been increasing over the last several years weighing on margin expansion [12] - Despite a decline in debt balance ICE's leverage and times interest earned compare unfavorably with the industry average [12] Long-Term Outlook - ICE is poised for growth due to its compelling portfolio expansive risk-management services strategic buyouts solid balance sheet and effective capital deployment [15] - The company has more than doubled its dividends in the last six years [15]

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Core Insights - The article discusses the author's transition from a sell-side/buy-side equities analyst to a more independent analysis approach, focusing on exchanges and brokers with a long/short fundamental analysis strategy [1]. Group 1 - The author emphasizes the importance of shedding unique light on investment theses related to specific stocks [1]. - The analysis aims to remain closely engaged with market and individual stock developments despite leaving day-to-day trading [1]. Group 2 - There is no indication of any current stock, option, or derivative positions in the companies mentioned, nor plans to initiate such positions in the near future [2]. - The article expresses the author's personal opinions and does not involve compensation from any company mentioned [2].

Intercontinental Exchange (ICE) reported third-quarter 2024 adjusted earnings per share of $1.55, in line with the Zacks Consensus Estimate. The bottom line increased 6.2% on a year-over-year basis.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.Performance in DetailIntercontinental’s net revenues were a record $2.3 billion, up 17% year over year. The ...

IntercontinentalExchange (ICE) reported $2.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.3%. EPS of $1.55 for the same period compares to $1.46 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.35 billion, representing a surprise of -0.13%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.55.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...