IntercontinentalExchange (ICE) Q2 Earnings and Revenues Surpass Estimates

Core Viewpoint - IntercontinentalExchange (ICE) reported quarterly earnings of $1.81 per share, exceeding the Zacks Consensus Estimate of $1.77 per share, and showing an increase from $1.52 per share a year ago [1][2] Financial Performance - ICE's quarterly revenue reached $2.54 billion, surpassing the Zacks Consensus Estimate by 0.71%, and up from $2.32 billion year-over-year [3] - The company has outperformed consensus EPS estimates three times in the last four quarters [2][3] Stock Performance - ICE shares have increased approximately 24.7% since the beginning of the year, compared to an 8.2% gain in the S&P 500 [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.75 on revenues of $2.51 billion, and for the current fiscal year, it is $7.00 on revenues of $10.03 billion [8] - The outlook for the Securities and Exchanges industry is strong, with the industry currently ranking in the top 10% of over 250 Zacks industries [9] Competitor Insights - CBOE Global, a competitor in the same industry, is expected to report quarterly earnings of $2.42 per share, reflecting a year-over-year increase of 12.6% [10] - CBOE Global's anticipated revenues are projected to be $572.24 million, up 11.4% from the previous year [11]