From Nasdaq:

Intercontinental Exchange Inc. (ICE) is set to report fourth-quarter 2023 earnings on Feb 8. The company has delivered earnings surprises in the last three quarters. Factors that may have helped include strong performance in Exchanges, Fixed Income and Data Services segments. Revenues are expected to be $2.2 billion, up 22.7% from last year.

The Fixed Income and Data Services segment is expected to see a 4.1% increase, reaching revenues of $559 million, and the Exchange segment is expected to reach revenues of $1.4 billion. The Mortgage Technology segment may see revenues of $503 million, a 102% increase from last year. This increase in revenue may be due to the Black Knight acquisition.

Expenses have likely increased due to various strategic initiatives, such as product launches, technology upgrades, and higher debt and integration expenses. ICE expects adjusted operating expenses to be in the range of $955-$965 million. Non-GAAP operating expense is expected to be in the range of $240-$245 million.

The Zacks Consensus Estimate for earnings is $1.29 per share, indicating a 3.2% decrease from the prior year. ICE reported a 26% increase in fourth-quarter average daily volume (ADV). However, the Zacks model does not predict an earnings beat for Intercontinental this time.

The company has an Earnings ESP of 0.00% and carries a Zacks Rank of 3. Other finance stocks to consider for an earnings beat include CME Group (CME) with an Earnings ESP of +0.10%, Coinbase Global (COIN) with an Earnings ESP of +166.67%, and Arch Capital Group (ACGL) with an Earnings ESP of +1.24%.

ICE is set to release its fourth-quarter 2023 earnings on Feb 8. The company has seen strong performances in different segments, with revenues expected to increase in each segment. However, expenses are likely to have increased as well. The Zacks model does not predict an earnings beat for ICE this time around.



Read more: What to Expect From Intercontinental (ICE) in Q4 Earnings?