What the Zacks Model Says Zacks Rank: ICE currently carries a Zacks Rank of 2. Cboe Global Markets, Inc. (CBOE) has an Earnings ESP of +0.44% and a Zacks Rank of 3 at present. The ACGL's earnings beat estimates in each of the last four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Intercontinental Exchange Inc. (ICE) is slated to report second-quarter 2024 earnings on Aug 1, before market open. ICE delivered an earnings surprise in three of the last four quarters ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. IntercontinentalExcha ...

UKRAINE - 2023/03/15: In this photo illustration, Intercontinental Exchange (ICE) logo is seen on a ... [+] smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Intercontinental Exchange's stock (NYSE: ICE) has gained roughly 15% YTD, as compared to the 17% rise in the S&P500 over the same period. In sharp contrast, Intercontinental Exchange's peer CME Group (NASDAQ: CME) is up only 5% YTD. Overall, at the current price of ...

Blostein also highlights promising developments in the company's fixed-income data and analytics segment, which makes up about 22% of its earnings. The firm's annual subscription value (ASV) is recovering and flows into fixed-income funds are rebounding year-to-date, signaling accelerated growth in this area. Coupled with strong free cash flow conversion, this is likely to speed up de-leveraging and bolster share repurchases by the end of 2024. A Compelling Investment Opportunity Loading... Intercontinental ...

Mortgage Market Overview - The mortgage market has faced challenges post-COVID, with ICE's pro forma Mortgage Technology Revenues declining 3% year-over-year in Q1 2024, marking the 9th consecutive quarter of declines [1] - ICE anticipates flat to low-single digit declines in Mortgage Technology Revenues for the full year 2024, primarily due to the Mortgage Bankers Association's lowered outlook on mortgage originations and home sales for 2024-2026 [1] - Despite current challenges, a potential decline in interest rates could provide tailwinds for the mortgage business, particularly through refinancing opportunities [1] Financial Performance and Projections - ICE's Mortgage Technology Revenues are forecasted to increase approximately 9% in 2025, driven by anticipated Fed rate cuts and revenue synergies from recent acquisitions [1] - The company expects to achieve $125 million in revenue synergies over the next five years from its recent acquisitions [1] Competitive Landscape - The TXSE Group plans to launch the Texas Stock Exchange, raising $120 million, but is expected to have minimal impact on ICE's market share in U.S. equity trading [8] - Historical data shows that new exchanges have struggled to gain significant market share, with the oldest, IEX, capturing only about 2% of U.S. equity share volume since its launch [9] Business Diversification - ICE has diversified its revenue streams, with approximately 50% from Exchanges, 25% from Fixed Income & Data Services, and 25% from Mortgage Technology [22] - The acquisition of Black Knight has increased ICE's exposure to the mortgage market, with pro forma operating income related to mortgage activities rising to around 16% [32] Future Outlook - ICE anticipates that the mortgage complex will grow in the high single-digit range during a normalized market, with significant room for growth within the $14 billion total addressable market [32] - The company plans to integrate Black Knight's businesses, execute on synergies, and target a normalized leverage ratio of 3.0x by paying down debt [32]

Chapter 8. U.S. Excavator Market - Competitive Landscape 8.1. Recent Developments & Impact Analysis, by Key Market Participants 8.2. Company Categorization 8.3. Company Heat Map/Position Analysis, 2023 8.4. Strategy Mapping 8.4.1. Expansion 8.4.2. Mergers & Acquisition 8.4.3. Partnerships & Collaborations The U.S. excavator market size is anticipated to reach USD 13.86 billion by 2030, expanding at a CAGR of 3.2% from 2024 to 2030 Technological innovations in excavators, such as improved fuel efficiency, au ...

Core Viewpoint - Intercontinental Exchange (ICE) is expected to grow due to its strong portfolio, extensive risk-management services, strategic acquisitions, solid balance sheet, and effective capital deployment [1] Financial Performance - Earnings of ICE have grown by 10% over the last five years, surpassing the industry average of 9.8% [2] - ICE has a solid surprise history, beating earnings estimates in three of the last four quarters with an average surprise of 2.94% [2] - The return on invested capital for ICE in the trailing 12 months was 6.6%, outperforming the industry average of 4.8% [2] Revenue Growth - ICE's top line has been improving, with a five-year compound annual growth rate (CAGR) of 10% [3] - The company anticipates mid-single digit growth in Fixed Income and Data Services recurring revenues [4] Strategic Acquisitions - The acquisition of Black Knight is expected to enhance existing revenue streams and improve the mix of high-growth recurring revenues [4] Market Position - ICE is the second-largest global fixed-income provider, managing over $1 trillion in benchmark assets across more than 5,000 indices [4] Mortgage Industry Trends - The U.S. residential mortgage industry is undergoing accelerated digitization, positioning ICE to benefit from this trend [5] - ICE projects mortgage revenues to grow at an average annual rate of 8-10% over the next decade, while the Mortgage Technology business is expected to grow in the low to mid-teens [5] Earnings Estimates - The Zacks Consensus Estimate for 2024 earnings is $5.95, reflecting a year-over-year increase of 5.9% on revenues of $9.2 billion, with 2025 earnings estimated at $6.59, indicating a 10.7% increase on revenues of $9.7 billion [6] - The long-term earnings growth rate for ICE is currently pegged at 9%, better than the industry average of 8.1% [7] Capital Management - ICE has a healthy balance sheet, which supports strategic investments and wealth distribution to shareholders through share buybacks and dividends [7] - The company has more than doubled its dividends in the last six years and has $2.5 billion remaining under its authorization for share buybacks [7]

Intercontinental Exchange (ICE) reported first-quarter 2024 adjusted earnings per share of $1.48, in line with the Zacks Consensus Estimate. The bottom line increased about 5% 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 revenues, less transaction-based expenses, were a record $2.3 bi ...

Financial Performance Highlights - ICE achieved record net revenues of $2290 million in 1Q24, a 20% increase year-over-year, or a 5% increase on a pro forma constant currency basis[13] - Adjusted operating income reached $1360 million, up 17% year-over-year, or 8% on a pro forma constant currency basis[13] - Adjusted diluted EPS was $148, a 5% increase year-over-year[13] - Adjusted free cash flow increased by 30% to $877 million[13] Segment Performance - Exchanges - Total exchange revenues were $1223 million, a 12% increase year-over-year, or 11% on a constant currency basis[16] - Energy revenues increased by 33% to $457 million, or 32% on a constant currency basis, driven by record global oil revenues[16, 17] - Ags revenues increased by 3% to $72 million, or 2% on a constant currency basis[16] - Financials revenues increased by 6% to $135 million, or 3% on a constant currency basis[16] Segment Performance - Fixed Income & Data Services - Total revenues were $568 million, a 1% increase year-over-year, or 1% on a constant currency basis[44] - Fixed Income Data & Analytics revenues increased by 4% to $288 million, or 4% on a constant currency basis[44] - Fixed Income Execution revenues decreased by 15% to $26 million, or 15% on a constant currency basis[44] Segment Performance - Mortgage Technology - Total revenues were $499 million, a 111% increase year-over-year, but a 3% decrease on a pro forma basis[45] - Recurring revenues were $390 million, a 136% increase year-over-year, but a 3% decrease on a pro forma basis[45] - Adjusted operating income was $185 million, a 118% increase year-over-year, or 8% on a pro forma basis[45] Guidance - Updated FY24 adjusted expense guidance is $379 - $382 billion[40] - FY24 pro forma segment revenue growth for Mortgage Technology is expected to be flat-to-down low single digits[25]

For the quarter ended March 2024, IntercontinentalExchange (ICE) reported revenue of $2.29 billion, up 20.8% over the same period last year. EPS came in at $1.48, compared to $1.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.3 billion, representing a surprise of -0.41%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.48.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...