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 ...

IntercontinentalExchange (ICE) came out with quarterly earnings of $1.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this owner of the New York Stock Exchange and other stock markets would post earnings of $1.29 per share when it actually produced earnings of $1.33, delivering a surprise of 3.10%.Over the last four quarters, the company has surpassed conse ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36198 INTERCONTINENTAL EXCHANGE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...