Yahoo Finance MarketAxess Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
MarketAxess Holdings (NASDAQ:MKTX) First Quarter 2024 Results
Key Financial Results
Revenue: US$210.3m (up 3.5% from 1Q 2023).
Net income: US$72.6m (down 1.4% from 1Q 2023).
Profit margin: 35% (down from 36% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$1.92 (down from US$1.97 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
MarketAxess Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 2.6%.
Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You still need to take note of risks, for example - MarketAxess Holdings has 1 warning sign we think you should be aware of.
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