Core Viewpoint - MarketAxess (MKTX) is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended December 2025, with the consensus outlook being crucial for assessing the company's earnings picture [1] Earnings Expectations - The consensus EPS estimate for MarketAxess is $1.66 per share, reflecting a year-over-year decrease of 4.1% [3] - Revenues are anticipated to reach $212.7 million, which is a 5.1% increase from the same quarter last year [3] Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 0.06%, indicating a reassessment by analysts [4] - The Most Accurate Estimate for MarketAxess is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.05% [12] Earnings Surprise Potential - MarketAxess has a Zacks Rank of 3, suggesting a moderate outlook, but the positive Earnings ESP indicates a likelihood of beating the consensus EPS estimate [12] - The company has consistently beaten consensus EPS estimates in the past four quarters, with a notable surprise of +8.88% in the last reported quarter [13][14] Industry Context - Tradeweb Markets (TW), another player in the Zacks Financial - Investment Bank industry, is expected to post earnings of $0.85 per share for the same quarter, indicating a year-over-year increase of 11.8% [18] - Tradeweb's revenues are projected to be $516.57 million, up 11.5% from the previous year, but it has a negative Earnings ESP of -0.32% [19][20]

Group 1: Earnings Performance - MarketAxess reported quarterly earnings of $1.84 per share, exceeding the Zacks Consensus Estimate of $1.69 per share, but down from $1.90 per share a year ago, representing an earnings surprise of +8.88% [1] - The company posted revenues of $208.82 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.17%, compared to $206.71 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - MarketAxess shares have declined approximately 26.7% since the beginning of the year, contrasting with the S&P 500's gain of 14.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.75 on revenues of $214.94 million, and for the current fiscal year, it is $7.24 on revenues of $852.89 million [7] Group 3: Industry Context - The Financial - Investment Bank industry, to which MarketAxess belongs, is currently ranked in the top 11% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Core Insights - LPL Financial Holdings Inc. (LPLA) reported quarterly earnings of $4.51 per share, exceeding the Zacks Consensus Estimate of $4.21 per share, and showing an increase from $3.88 per share a year ago, resulting in an earnings surprise of +7.13% [1] - The company posted revenues of $3.75 billion for the quarter ended June 2025, which was slightly below the Zacks Consensus Estimate by 0.29%, but an increase from $2.93 billion year-over-year [2] - LPL Financial shares have appreciated approximately 22.2% year-to-date, significantly outperforming the S&P 500's gain of 8.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.74, with expected revenues of $3.98 billion, and for the current fiscal year, the EPS estimate is $18.62 on revenues of $15.7 billion [7] - The estimate revisions trend for LPL Financial was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - Investment Bank industry, to which LPL Financial belongs, is currently ranked in the top 7% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - MarketAxess (MKTX) is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on August 6, and positive results could lead to a stock price increase, while disappointing results may cause a decline [2]. - The consensus estimate for quarterly earnings is $1.94 per share, reflecting a year-over-year increase of 12.8%, with revenues projected at $218.18 million, up 10.4% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 1.59%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for MarketAxess is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.95%, suggesting a bullish outlook from analysts [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - MarketAxess currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, MarketAxess exceeded the expected earnings of $1.82 per share, achieving actual earnings of $1.87, resulting in a surprise of +2.75% [13]. - The company has successfully beaten consensus EPS estimates in the last four quarters [14].