Analysts expect higher profit for Nasdaq OMX Group when the company reports its fourth quarter results on Thursday, January 29, 2015. The consensus estimate is calling for profit of 74 cents a share, reflecting a rise from 69 cents per share a year ago.
The consensus estimate has dipped over the past three months from 76 cents. For the fiscal year, analysts are expecting earnings of $2.88 per share. A year after being $849 million, analysts expect revenue to fall 39% year-over-year to $521.3 million for the quarter. For the year, revenue is expected to come in at $2.07 billion.
Revenue fell year-over-year in the third quarter, snapping the three-quarter streak of rising revenue.
The decrease in profit in the third quarter broke a streak of two consecutive quarters of year-over-year profit increases. Net income fell 13% in the third quarter while the figure rose 15% in the second quarter and more than twofold in the first quarter.
The majority of analysts (70%) rate Nasdaq OMX as a buy. This compares favorably to the analyst ratings of seven similar companies, which average 54% buys.
NASDAQ OMX Group delivers trading, securities listing, exchange technology, and public company services across six continents. MarketAxess Holdings, also in the investment services industry, will report earnings on Wednesday, January 28, 2015. Analysts are expecting earnings of $0.52 per share for MarketAxess Holdings, up 27% from last year's earnings of $0.41 per share. Other companies in the investment services industry with upcoming earnings release dates include: IntercontinentalExchange, CME and CBOE Holdings.
Earnings estimates provided by Zacks.
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