Cboe Global (CBOE) Shares Rise 10% YTD: More Room for Growth?
From NASDAQ:
Cboe Global Markets (CBOE) shares have surged 9.7% year to date, outperforming the industry and sector averages as well as the S&P 500 composite. With a market cap of $20.7 billion, CBOE boasts strong market positioning, global reach, and solid capital. Analysts are optimistic with earnings estimates for the future. The company has a history of delivering earnings surprises, with a 12.1% growth in the last five years.
CBOE anticipates organic revenue growth from transaction fees and non-transaction revenues. Acquisitions have expanded its services globally. Cost management efforts aim to improve margins, and a commitment to capital management includes dividend increases and share repurchases. The company is projected to see a 6.4% increase in 2024 earnings and 6.3% growth in 2025.
Intercontinental Exchange (ICE), Coinbase Global (COIN), and Berkshire Hathaway Inc. (BRK.B) are also top-ranked stocks worth considering in the finance sector. Intercontinental Exchange expects a 9.5% long-term earnings growth, Coinbase has shown impressive earnings estimates, and Berkshire Hathaway has delivered strong earnings surprises consistently. Investing in CBOE, with its operational excellence and growth prospects, is recommended.
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