MarketAxess(MKTX)

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MarketAxess(MKTX) - 2024 Q3 - Quarterly Results
2024-11-06 11:30
Exhibit 99.1 3Q24 select financial and operational highlights* MarketAxess Reports Third Quarter 2024 Financial Results Revenue Growth of 20% Driven by Strong Growth in Total Credit ADV on Higher Market Volumes Record Portfolio Trading ADV; Record Municipal Bonds ADV and Estimated Market Share NEW YORK | November 6, 2024 - MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the third quarter ended ...
MarketAxess Stock Before Q3 Earnings: Buy Now or Wait for Results?
ZACKS· 2024-11-04 16:40
MarketAxess Holdings Inc. (MKTX) is set to report third-quarter 2024 results on Nov. 6, 2024, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.82 per share on revenues of $205.48 million.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The third-quarter earnings estimate has witnessed upward revisions over the past 60 days. The bottom-line projection indicates a year-over-year increase of 24.7%. The Zacks Consen ...
MarketAxess: Expectation Of Breakthrough Earnings Growth
Seeking Alpha· 2024-10-22 18:58
I like investing in companies like MarketAxess (NASDAQ: MKTX ) that bring unique value to their customers and have a high-quality competitive advantage over other market participants. Despite the high market valuation of over 41x annual earningsI am a qualified economist specializing in economic theory and I have been investing and trading since 2005. Since 2018, I have been investing in US equities. Until 2022, I was part of TopStepTrader, having passed the combine for a funded trader. I am a conservative ...
Can MarketAxess (MKTX) Keep the Earnings Surprise Streak Alive?
ZACKS· 2024-10-21 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering MarketAxess (MKTX) , which belongs to the Zacks Securities and Exchanges industry.This operator of bond trading platforms has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.78%.For the last reported quarter, MarketAxess came out with earnings of $1.72 ...
MarketAxess Reports Record Credit Trading Volumes for Q3
ZACKS· 2024-10-04 18:31
MarketAxess Holdings Inc. (MKTX) announced impressive growth in its trading volumes for the third quarter of 2024. The total credit average daily trading volume ("ADV") reached nearly $14.1 billion, marking a yearover-year increase of more than 26.5%. This growth was driven by notable gains across various segments, including 35.7% rise in U.S. high-grade ADV, 19.1% boost in emerging markets ADV and 27.4% growth in Eurobonds ADV. Total ADV rose 38.4% to $40.5 billion in the September quarter. Among the segme ...
Why Investors Are Eyeing MarketAxess Holdings Inc (MKTX): The Key Drivers of Market
GuruFocus· 2024-10-04 15:02
MarketAxess Holdings Inc (MKTX, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth trajectory. Despite a slight daily loss of 0.71%, the company's stock has surged by 35.88% over the past three months, currently priced at $272. This performance is underscored by the GF Score, which indicates that MarketAxess Holdings Inc is poised for significant future growth. MarketAxess Holdings Inc (MKTX) GF Score: 100 ...
MarketAxess (MKTX) Moves 7.5% Higher: Will This Strength Last?
ZACKS· 2024-10-04 14:42
MarketAxess (MKTX) shares soared 7.5% in the last trading session to close at $273.94. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.4% gain over the past four weeks. MarketAxess' recent price improvement stems from investor optimism around its strong trading volume growth. The company reported strong performance for the third quarter and September, particularly in key segments like U.S. high-grade, emerging markets, Eurobond ...
MarketAxess Rises 17% in Past Six Months: More Growth on the Horizon?
ZACKS· 2024-09-23 19:31
Shares of MarketAxess Holdings Inc. (MKTX) have gained 17.2% in the past six months compared with the industry's 11.3% growth. The Finance sector and the S&P 500 composite index rose 10.8% and 9.5%, respectively, in the same time frame. With a market capitalization of $9.7 billion, the average volume of shares traded in the past three months was 0.4 million. MarketAxess benefits from increased trading volumes, market share gains across a diversified set of product categories, strategic partnerships and a st ...
MarketAxess Expands Partnership With BlackRock, Enhances Offerings
ZACKS· 2024-09-10 18:15
MarketAxess Holdings Inc. (MKTX) recently announced an expansion of its 10-year-long partnership with BlackRock. Under this expanded partnership, MKTX's credit trading protocols, data and pricing will be integrated into BlackRock's Aladdin order execution management system (OEMS). The partnership between MKTX and BlackRock in MarketAxess analytics and Open trading dates back to 2013. The expansion of this partnership bodes well for MKTX as it enhances existing offerings for common clients of both companies. ...
MarketAxess: August Volume Report Shows Strong YOY Growth, But Market Share Continues To Decline
Seeking Alpha· 2024-09-06 16:19
sommart/iStock via Getty Images Reiterating Hold Rating Given Continuation of Market Share Trends As outlined in my initiation post on MarketAxess Holdings Inc. (NASDAQ:MKTX), 'MarketAxess: Electronic Credit Platform With Industry Tailwinds, Valuation Seems Fair', MarketAxess is a dominant player in the global electronic credit trading space. The company has benefitted and should continue to benefit, from the structural shift in global credit markets from primarily a dealer to client market operated via tel ...