Cboe(US:CBOE) ZACKSยท2025-08-25 15:30Core Insights - Cboe Global Markets, Inc. (CBOE) shares have increased by 26.1% year-to-date, outperforming the industry growth of 15.9%, the Finance sector's return of 12.5%, and the Zacks S&P 500 composite's rise of 9.8% [1] - CBOE has outperformed peers such as Intercontinental Exchange Inc. (ICE), CME Group Inc. (CME), and Nasdaq, Inc. (NDAQ), with their respective year-to-date gains of 21.3%, 16.1%, and 22.6% [1] Market Performance - CBOE has a market capitalization of $25.77 billion, with an average trading volume of 0.8 million shares over the last three months [3] - CBOE shares closed at $246.43, trading above the 50-day and 200-day simple moving averages of $238.63 and $217.89, indicating strong upward momentum [4] Financial Projections - The Zacks Consensus Estimate for CBOE's 2025 earnings per share indicates an 11.5% year-over-year increase, with revenues projected at $2.27 billion, reflecting a 9.6% improvement [8] - Expected long-term earnings growth rate for CBOE is 13.8%, surpassing the industry average of 10.4% [9] Analyst Sentiment - Eight out of 13 analysts have raised their estimates for CBOE's 2025 earnings, with the consensus estimate increasing by 0.9% over the past 60 days [10] Revenue Growth Drivers - CBOE's diversified business mix supports steady revenue generation, with expectations for mid to high single-digit organic net revenue growth in 2025 [7][12] - The company is focused on increasing recurring non-transaction revenues through access and capacity fees and proprietary market data fees [12] Strategic Initiatives - CBOE is enhancing its global service breadth and generating cost synergies through strategic acquisitions [13] - The company has improved its cash position and reduced debt, with favorable leverage ratios compared to industry averages [13] Dividend and Share Repurchase - CBOE has increased dividends for 13 consecutive years and has $614.5 million remaining under its existing share repurchase authorizations as of June 30, 2025 [17]