Wall Street's Insights Into Key Metrics Ahead of MarketAxess (MKTX) Q4 Earnings

Core Viewpoint - MarketAxess (MKTX) is expected to report a quarterly earnings per share (EPS) of $1.70, reflecting a year-over-year decline of 7.6%, while revenues are anticipated to reach$ 203.35 million, indicating a 3.1% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised 3.6% lower over the last 30 days, indicating a reevaluation by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - The consensus estimate for 'Revenues- Commissions' is $176.68 million, reflecting a 2.8% increase from the prior year [5]. - 'Revenues- Post-trade services' are forecasted to reach$ 10.99 million, showing a year-over-year change of 0.4% [5]. - 'Revenues- Information services' are expected to be $13.05 million, indicating a 9.5% increase from the previous year [5]. Commission Revenue and Transaction Fees - Total commission revenue from variable transaction fees is estimated at$ 148.05 million, representing an 8.1% increase from the prior year [6]. - The 'Average Variable Transaction Fee Per Million - Credit' is projected to be $149.91, down from$ 156.28 reported in the same quarter last year [6]. Average Daily Volume Estimates - The 'Average Daily Volume - Total' is expected to reach $39.18 billion, up from$ 29.64 billion a year ago [7]. - The consensus for 'Average Daily Volume - Total credit trading' is $14.15 billion, compared to$ 13.11 billion in the same quarter last year [7]. - 'Average Daily Volume - Total rates trading' is projected at $25.02 billion, an increase from$ 16.53 billion year-over-year [8]. Emerging Markets and High-Grade Trading - The 'Average Daily Volume - Total credit trading - Emerging markets' is estimated at $3.47 billion, up from$ 2.93 billion in the same quarter last year [9]. - For 'Average Daily Volume - Total credit trading - High-grade', the estimate is $6.75 billion, compared to$ 6.22 billion reported in the same quarter last year [9]. - The 'Average Daily Volume - Total credit trading - Eurobonds' is projected to be $1.97 billion, up from$ 1.77 billion in the same quarter last year [10]. Stock Performance - MarketAxess shares have decreased by 0.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 1.7% [11]. - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [11].