CBOE Global (CBOE) Q3 Earnings and Revenues Beat Estimates

Core Insights - CBOE Global reported quarterly earnings of $2.67 per share, exceeding the Zacks Consensus Estimate of $2.53 per share, and up from $2.22 per share a year ago [1] - The company achieved revenues of $605.5 million for the quarter, surpassing the Zacks Consensus Estimate by 2.14%, compared to $532 million in the same quarter last year [3] Earnings Performance - The earnings surprise for the quarter was +5.53%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - CBOE's earnings for the previous quarter were $2.46 per share, against an expectation of $2.42, resulting in a surprise of +1.65% [2] Stock Performance - CBOE shares have increased approximately 21.2% since the beginning of the year, outperforming the S&P 500's gain of 16% [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.35 on revenues of $572.14 million, and for the current fiscal year, it is $9.84 on revenues of $2.3 billion [8] - The Zacks Industry Rank places the Securities and Exchanges sector in the top 18% of over 250 Zacks industries, suggesting a favorable outlook for the industry [9]