From Nasdaq MarketSite: 2024-05-20 14:23:00

Cboe Global Markets (CBOE) is well-positioned for long-term growth with a strong market position and solid capital. Analysts are optimistic with a 1% increase in 2024 earnings estimate. The company has a history of earnings surprises and a 12.1% growth in earnings over the last five years.

CBOE’s strengths include organic growth, increasing transaction fees, and volatile market trading volume. Non-transaction revenues are growing due to higher access and capacity fees. The company also focuses on cost management and margins. It has increased dividends for 13 years and plans to opportunistically repurchase shares.

The Zacks Consensus Estimate for CBOE’s 2024 earnings is $8.45, a year-over-year increase of 8.3%. The company has a Growth Score of B, reflecting its growth prospects. Other top-ranked finance sector stocks include Coinbase Global (COIN), First BanCorp (FBP), and Morgan Stanley (MS), all with a Zacks Rank #1 (Strong Buy).

Coinbase has seen a 364.63% average earnings surprise, while FBP and MS have delivered 17.05% and 11.15% surprises, respectively. The Zacks Consensus Estimate for COIN’s 2024 EPS suggests a massive increase of 1,804.5%. FBP’s and MS’s 2024 and 2025 EPS estimates indicate year-over-year increases. Stock prices for all have shown positive growth.

Read more at Nasdaq: Here’s Why You Should Stay Invested in Cboe Global (CBOE)