ICE stock offers consistent growth in tough market. Bonus: earnings acceleration.
ICE's fourth-quarter results reflect the strength of a balanced and diversified business as well as the benefits of the strategic investments it has made.
Shares of Intercontinental Exchange (ICE 4.96%) rallied Thursday, up 4.5% as of 11:10 a.m. ET.
Intercontinental Exchange (ICE 5.51%), a global powerhouse in financial exchanges and clearing services, unveiled its fourth-quarter earnings on Feb. 6. Revenues of $2.323 billion were essentially in line with expectations of $2.327 billion, but its earnings per share (EPS) of $1.52 topped analysts' consensus prediction of $1.49.
While the top- and bottom-line numbers for ICE (ICE) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
IntercontinentalExchange (ICE) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.33 per share a year ago.
ICE's fourth-quarter results are likely to reflect strong trends across fixed-income data and analytics and growth in other data and network services businesses.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ICE (ICE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
ICE (ICE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Interest rate volatility remains high, impacting ICE's Mortgage Technology segment, with intermediate-term Treasury yields above 4.5%, posing challenges for first-time homebuyers needing mortgages. ICE's Q3 results were mixed, with GAAP EPS missing estimates but record net revenue; cautious management outlook and high financial leverage are key concerns. Fair valuation with potential upside; technical analysis shows strong support at $140-$142, suggesting a buying opportunity on pullbacks post-earnings.
ICE buys American Financial Exchange to serve customers through the mortgage technology network with new and innovative product offerings.
Intercontinental Exchange is poised for growth on the strength of its compelling portfolio and expansive risk-management services, strategic buyouts and a solid balance sheet.