Ahead of Nasdaq (NDAQ) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - Nasdaq is expected to report quarterly earnings of $0.80 per share, a 15.9% increase year-over-year, with revenues projected at $1.28 billion, reflecting a 10% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 1.6% in the last 30 days, indicating analysts' reassessment of their initial estimates [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Forecasts - Analysts forecast 'Net Revenues- Capital Access Platforms' to reach $521.43 million, an increase of 8.4% from the prior-year quarter [5]. - The consensus estimate for 'Net Revenues- Financial Technology' is $451.12 million, indicating a 7.4% increase year-over-year [5]. - 'Net Revenues- Other Revenues' is expected to reach $8.57 million, reflecting a 7.1% year-over-year change [5]. - 'Net Revenues- Financial Technology- Capital Markets Technology' is projected at $268.24 million, a 4% increase from the previous year [6]. - 'Net Revenues- Capital Access Platforms- Workflow and Insights revenues' is estimated at $133.06 million, indicating a 4.8% year-over-year change [6]. - 'Net Revenues- Capital Access Platforms- Index revenues' is expected to be $198.26 million, reflecting an 18.7% increase from the prior-year quarter [7]. - 'Net Revenues- Capital Access Platforms- Data and Listing Services revenues' is projected at $191.09 million, a 2.2% year-over-year change [7]. - 'Net Revenues- Financial Technology- Regulatory Technology' is expected to be $105.37 million, indicating a 10.9% year-over-year change [8]. Market Share and Trading Volume - The total matched market share executed on Nasdaq exchanges for Cash Equity Trading is expected to reach 15.2%, down from 16.1% in the same quarter last year [8]. - For Equity Derivative Trading and Clearing, the total matched market share is projected at 28.8%, down from 29.3% year-over-year [9]. - The total industry average daily volume for Equity Derivative Trading and Clearing is expected to reach 50.64 million, compared to 42.10 million a year ago [9]. - The total industry average daily share volume for Cash Equity Trading is projected to be 16.66 billion, up from 11.80 billion year-over-year [10]. Stock Performance - Nasdaq shares have increased by 3.8% in the past month, while the Zacks S&P 500 composite has risen by 5.4% [11]. - With a Zacks Rank 2 (Buy), Nasdaq is expected to outperform the overall market performance in the near term [11].