From Nasdaq: 2024-04-29 06:35:00

Intercontinental Exchange Inc. (ICE) is set to report Q1 2024 earnings on May 2, boasting positive surprises in previous quarters. Revenues are anticipated to increase by 21.2%, with strengths in Exchanges, Fixed Income, and Data Services segments. Operating expenses for the quarter are projected to be $1.175-$1.185 billion.

ICE expects a per-share earnings estimate of $1.49 for Q1, representing a 5.6% increase from the prior year. The company reported a 16% increase in average daily volume with positive growth across different segments. ICE’s Earnings ESP of +0.54% and Zacks Rank of 3 point to a potential earnings beat this quarter.

Other finance stocks like Cboe Global Markets Inc. (CBOE) and Coinbase Global Inc. (COIN) are also expected to perform well in their upcoming earnings reports. CBOE has an Earnings ESP of +0.35% and COIN has an ESP of +36.53% respectively. MarketAxess Holdings Inc. (MKTX) is another stock to watch with an ESP of +0.75%. Stocks with a Zacks Rank of 1, 2 or 3 have increased odds of beating earnings estimates.

Read more at NASDAQ.: What’s in Store for Intercontinental (ICE) in Q1 Earnings?