Intercontinental Exchange Third Quarter 2024 Earnings: EPS Misses Expectations

Intercontinental Exchange (NYSE:ICE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.35b (up 17% from 3Q 2023).
• Net income: US$657.0m (up 21% from 3Q 2023).
• Profit margin: 28% (up from 27% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.15 (up from US$0.96 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Intercontinental Exchange EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Intercontinental Exchange (1 makes us a bit uncomfortable!) that you should be aware of.

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