Have you been eager to see how Intercontinental Exchange, Inc. (NYSE:ICE) , one of the largest global stock and derivative exchange operators, performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta, GA-based company’s earnings release this morning.
Earnings Beat Estimates
Intercontinental Exchange reported adjusted earnings per share of 73 cents, beating the Zacks Consensus Estimate of 72 cents. Bottom-line improved 2.8% year over year.
Intercontinental Exchange Inc. Price and EPS Surprise
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Intercontinental Exchange depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 72 cents over the last 7 days.
Also, Intercontinental Exchange has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average beat of 1.04% in the trailing four quarters.
Revenues Beat Estimates
Intercontinental Exchange’s revenues of $1.44 billion increased 3% year over year. Revenues surpassed the Zacks Consensus Estimate of $1.15 billion.
Key Takeaways
Total operating expenses decreased 4.8% year over year to $552 million.
Operating income improved 6.1% to $592 million.
Adjusted operating expenses is estimated between $495 million and $505 million in the first quarter of 2018 and between $2 billion and $2.05 billion for 2018.
What Zacks Rank Says
Intercontinental Exchange carries Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Intercontinental Exchange earnings report later!
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Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report
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