Nasdaq (NDAQ) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.25%. A quarter ago, it was expected that this exchange operator would post earnings of $0.77 per share when it actually produced earnings of $0.79, delivering a surprise of +2.6%.Over the last four quarters, the company h ...

CME Group (CME) came out with quarterly earnings of $2.96 per share, beating the Zacks Consensus Estimate of $2.91 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +1.72%. A quarter ago, it was expected that this parent company of the Chicago Board of Trade and other exchanges would post earnings of $2.79 per share when it actually produced earnings of $2.8, delivering a surprise of ...

The market expects Nasdaq (NDAQ) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Jul ...

Core Insights - Cboe Global Markets, Inc. (CBOE) shares have increased by 35.1% over the past year, outperforming the industry growth of 27.9%, the Finance sector's return of 20.7%, and the Zacks S&P 500 composite's appreciation of 11.2% [1] - CBOE has outperformed peers such as Intercontinental Exchange Inc. (ICE), S&P Global Inc. (SPGI), and OTC Markets Group Inc. (OTCM), with respective share gains of 32%, 16.4%, and 2.8% in the past year [1] Company Performance - CBOE has a market capitalization of $23.69 billion, with an average trading volume of 0.9 million shares over the last three months [4] - The company has a solid track record of beating earnings estimates in three of the last four quarters, with an average beat of 1.95% [4] - CBOE shares are currently trading at a forward price-to-earnings ratio of 23.19X, which is lower than the industry average of 25.89X, indicating that the shares are undervalued [5] Technical Analysis - CBOE shares closed at $226.30, trading above the 50-day and 200-day simple moving averages of $221.41 and $210.75, respectively, suggesting strong upward momentum [6] Growth Projections - The Zacks Consensus Estimate for CBOE's 2025 earnings per share indicates a year-over-year increase of 10.3%, with revenues projected at $2.25 billion, reflecting an 8.4% year-over-year improvement [10] - Long-term earnings growth is expected to be 10.5%, surpassing the industry average of 10.1% [11] - CBOE's organic net revenue growth for Data Vantage is anticipated to be in the mid to high single-digit range in 2025 [9][16] Analyst Sentiment - Recent analyst activity shows one analyst has raised estimates for 2025 and another for 2026, resulting in a 0.5% and 0.2% increase in the Zacks Consensus Estimate for those years, respectively [12] Valuation and Capital Management - The average price target from 15 analysts for CBOE is $225.00 per share, suggesting a potential upside of 0.9% from the last closing price [13] - CBOE has a strong capital management strategy, with $644.5 million remaining under its current share repurchase authorization and a history of increasing dividends for 13 consecutive years [20]

Core Insights - The Zacks Securities and Exchanges industry is benefiting from a diversified product portfolio, increased trading volumes, and the adoption of crypto assets, with companies like Intercontinental Exchange (ICE), CME Group (CME), Nasdaq Inc. (NDAQ), and Cboe Global Markets (CBOE) expected to gain from these trends [1][3]. Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodity contracts, generating revenue from fees and providing data and listing services [2]. - The industry is experiencing a rise in crypto asset adoption, but companies must navigate various regulatory requirements [2]. Trends Shaping the Industry - Trading volume is driven by volatility, with transaction and clearing fees being significant revenue sources. A pro-crypto environment under Trump's potential second term is expected to further increase trading activity [3]. - The securities exchanges market is projected to reach $49.6 billion by 2028, growing at a CAGR of 12.1% [3]. - Mergers and acquisitions are on the rise as companies seek to enhance growth through strategic partnerships and technology acquisitions [4]. - Continuous investment in technology, particularly in AI and blockchain, is crucial for improving trading efficiency and reducing risks [5]. Industry Performance - The Zacks Securities and Exchanges industry ranks 10, placing it in the top 4% of 251 Zacks industries, indicating strong near-term prospects [6][7]. - The industry has outperformed the broader Zacks Finance sector and the S&P 500, gaining 17.3% year-to-date compared to the sector's 3.9% increase and the S&P 500's decline of 1.8% [10]. Valuation Metrics - The industry currently trades at a trailing P/E of 24.69X, higher than the S&P 500's 21.36X and the sector's 16.03X, with historical trading ranges between 19.02X and 27.94X over the past five years [13]. Company Highlights - **Intercontinental Exchange (ICE)**: A leading global operator with a strong portfolio and risk management services, expected to benefit from digitization in the mortgage industry. EPS estimates for 2025 and 2026 indicate year-over-year increases of 14.3% and 10.7%, respectively [17][18]. - **CME Group (CME)**: The largest futures exchange globally, focusing on expanding product offerings and strong liquidity, with EPS estimates for 2025 and 2026 showing increases of 8.7% and 3.3% [21][22]. - **Cboe Global Markets (CBOE)**: A major stock exchange operator with a growing product line and recurring revenues, projecting EPS increases of 9.8% and 6.2% for 2025 and 2026 [25][26]. - **Nasdaq (NDAQ)**: A key provider of trading and marketplace technology, focusing on non-trading revenue growth, with EPS estimates for 2025 and 2026 indicating increases of 13.1% and 11.7% [29][30].

Shares of Intercontinental Exchange Inc. (ICE) traded near its 52-week high of $179.44 on May 22. This proximity underscores investor confidence. It has the ingredients for further price appreciation. Shares closed at $174.00 after gaining 16.8% year to date, outperforming the industry, the sector and the Zacks S&P 500 composite in the same time frame.Intercontinental Exchange has outperformed its peer, Nasdaq, Inc. (NDAQ) , while it underperformed other peers, Cboe Global Markets, Inc. (CBOE) and CME Group ...

Group 1 - CME Group is one of 858 individual stocks in the Finance sector and is ranked 6 in the Zacks Sector Rank [2] - CME Group currently has a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3] - The Zacks Consensus Estimate for CME's full-year earnings has increased by 6.9% in the past quarter, reflecting stronger analyst sentiment [4] Group 2 - CME Group has gained approximately 19% year-to-date, outperforming the average Finance sector gain of 6.3% [4] - CME Group is part of the Securities and Exchanges industry, which has seen a year-to-date gain of about 16.1%, indicating better performance compared to its industry peers [6] - Another Finance stock, ACNB, has also outperformed the sector with a year-to-date return of 10.5% and a Zacks Rank of 2 (Buy) [5][6]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: IntercontinentalExchange (ICE) - ICE currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price increases, with a 6.26% rise over the past week and a 14.38% increase over the past month, outperforming the Zacks Securities and Exchanges industry [5] - Over the past quarter, ICE shares increased by 6.97%, and over the last year, they gained 33.09%, while the S&P 500 saw declines of -5.82% and a modest increase of 9.94% respectively [6] Trading Volume - ICE's average 20-day trading volume is 2,627,647 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 9 earnings estimates for ICE have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $6.73 to $6.91 [9] - For the next fiscal year, similar trends are observed with 9 upward revisions and 1 downward revision [9] Conclusion - Given the positive momentum indicators and earnings outlook, ICE is positioned as a strong buy candidate for investors seeking short-term opportunities [11]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: CBOE Global - CBOE Global currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][12] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - CBOE shares have increased by 5.99% over the past week, outperforming the Zacks Securities and Exchanges industry, which rose by 5.31% [6] - Over the past month, CBOE's price change is 11.77%, slightly below the industry's performance of 12.5% [6] - In the last quarter, CBOE shares rose by 10.47%, and over the past year, they gained 26.69%, while the S&P 500 saw declines of -6.46% and gains of 11.69%, respectively [7] Trading Volume - CBOE's average 20-day trading volume is 1,001,255 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 10 earnings estimates for CBOE have been revised upwards, with no downward revisions, increasing the consensus estimate from $8.99 to $9.51 [10] - For the next fiscal year, 9 estimates have moved higher, while 1 has been revised downwards [10]

CBOE Global (CBOE) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.93%. A quarter ago, it was expected that this holding company for the Chicago Board Options Exchange would post earnings of $2.13 per share when it actually produced earnings of $2.10, delivering a surprise of -1.41% ...