MarketAxess (MKTX) reported $197.66 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.9%. EPS of $1.72 for the same period compares to $1.63 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $198.26 million, representing a surprise of -0.30%. The company delivered an EPS surprise of +1.78%, with the consensus EPS estimate being $1.69. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

MarketAxess (MKTX) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.78%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.85 per share when it actually produced earnings of $1.92, delivering a surprise of 3.78%. Over the last four ...

Exhibit 99.1 MarketAxess Reports Second Quarter 2024 Financial Results Revenue Growth of 10% Driven by Growth in Total Credit ADV and Pragma Revenues Second Strongest Quarter for Total Credit ADV with Strong Growth Across Most Products Record Eurobonds ADV, Portfolio Trading Volume and Muni Bond Estimated Market Share Board Increases Share Repurchase Authorization to $250 Million NEW YORK | August 6, 2024 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for f ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. The consensus EPS estimate for the quarter has been revised 2.4% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Thus, a positive ...

MarketAxess Holdings Inc. (MKTX) recently announced the execution of the first portfolio trade for taxexempt municipal bonds, which took place earlier this month between a large asset manager and a bank. The new portfolio trading for tax-exempt municipal bonds is expected to bring certainty of execution and unparalleled efficiency for traders dealing with municipal bonds. With this new tool, clients can send lists to a single dealer or multiple parties, negotiate price movements and execute trades discreetl ...

What's the first image that comes to mind when prompted with the word "market"? It might be your online brokerage website, the stock pages of a newspaper's business section, the hectic trading floor of the New York Stock Exchange, or the even more hectic souks of Marrakesh (stay away from the aggressive watch salesmen!). For anyone with more than a few years of experience in the financial markets, you'll have observed much modernization in the way markets function. I'm old enough to remember buying my first ...

Stephen Davidson Good morning and welcome to the MarketAxess First Quarter 2024 Earnings Conference Call. For the call, Chris Concannon, Chief Executive Officer, will provide you with a strategic update on the company. Rich Schiffman, Global Head of Trading Solutions will update you on the performance of our markets this quarter and then I will review the financial results. Before I turn the call over to Chris, let me remind you that today's call may include forward-looking statements. These statements repr ...

MarketAxess Holdings Inc. (MKTX) reported first-quarter 2024 earnings per share of $1.92, which surpassed the Zacks Consensus Estimate by 3.8%. Yet, the bottom line slipped 2% year over year.Total revenues of $210 million rose 4% year over year. However, the top line fell short of the consensus mark by a whisker.The quarterly results were driven by a solid improvement in U.S. high-grade commission revenues. Geographic expansion and product diversification drove the average daily volume (“ADV”) of emerging m ...

MarketAxess (MKTX) reported $210.32 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.5%. EPS of $1.92 for the same period compares to $1.96 a year ago.The reported revenue represents a surprise of -0.29% over the Zacks Consensus Estimate of $210.94 million. With the consensus EPS estimate being $1.85, the EPS surprise was +3.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

MarketAxess (MKTX) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.85 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.78%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.72 per share when it actually produced earnings of $1.84, delivering a surprise of 6.98%.Over the last four q ...