Unveiling Tradeweb (TW) Q3 Outlook: Wall Street Estimates for Key Metrics

Core Insights - Tradeweb Markets (TW) is expected to report quarterly earnings of $0.83 per share, reflecting a 10.7% increase year-over-year, with revenues forecasted at $503.3 million, a 12.1% increase from the previous year [1] Earnings Estimates - The consensus EPS estimate for the quarter has been revised upward by 0.7% over the past 30 days, indicating analysts' positive reassessment of the company's performance [2] Investor Reactions - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue Projections - Analysts estimate 'Revenue by Asset Class- Rates- Variable' to be $204.39 million, a 17.7% increase year-over-year, and 'Revenue by Asset Class- Other' at $7.08 million, reflecting a 16.3% increase [5] - 'Revenue by Asset Class- Money Markets- Fixed' is projected to reach $4.42 million, a 5.4% increase, while 'Revenue by Asset Class- Total Variable' is expected to be $373.18 million, a 10.1% increase [6] Average Daily Volumes - 'Average Daily Volumes - Rates' is estimated at $1455.23 billion, up from $1298.11 billion year-over-year [6] - 'Average Daily Volumes - Credit' is expected to be $42.43 billion, slightly down from $42.59 billion in the same quarter last year, while 'Average Daily Volumes - Money Markets' is projected at $1040.01 billion, up from $848.17 billion [7] - 'Average Daily Volumes - Rates - Cash' is forecasted to reach $525.06 billion, compared to $496.60 billion in the previous year [8] - The total 'Average Daily Volumes' is expected to be $2568.08 billion, up from $2211.69 billion year-over-year [9] - 'Average Daily Volumes - Rates - Derivatives' is projected at $901.50 billion, an increase from $801.51 billion in the same quarter last year [10] Market Performance - Over the past month, Tradeweb shares have returned -2.7%, contrasting with the Zacks S&P 500 composite's +3.8% change, and currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near future [10]