MarketAxess (MKTX) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.82 per share. This compares to earnings of $1.46 per share a year ago.
Bond trading platform MarketAxess Holdings beat third-quarter profit estimates on Wednesday, helped by strong activity in the bond market.
MKTX's third-quarter earnings are likely to have benefited from growing trading volumes and increased utilization of its product suite.
Beyond analysts' top -and-bottom-line estimates for MarketAxess (MKTX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
MarketAxess leads in fixed income trading, offering diverse liquidity and cost-saving solutions, with 86.9% of revenue from commissions on its main trading platforms. Despite strong financials and profitability, including a 32.8% net margin and no debt, MKTX's stock trades 52% below its all-time high. MKTX is undervalued historically and relatively, with a P/E ratio of 41.5, lower than peers but earnings growth rates do not match market valuation with a PEG ratio over 3.
MarketAxess (MKTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MarketAxess (MKTX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Tradeweb (TW) and MarketAxess (MKTX) stocks have done well in the past few months, helped by the rising demand for fixed income solutions. MKTX has soared to $280, up by over 45% from its lowest point this year, bringing its market cap to over $10 billion.
MarketAxess Holdings Inc (MKTX, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth trajectory. With a current share price of $274.39 and a recent daily gain of 0.27%, coupled with a significant three-month increase of 34.68%, the company's market position appears increasingly robust.
MKTX reports strong growth in U.S. high-grade, emerging markets and eurobonds ADV in the third quarter.
MarketAxess Holdings Inc (MKTX, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth trajectory. Despite a slight daily loss of 0.71%, the company's stock has surged by 35.88% over the past three months, currently priced at $272.
MarketAxess (MKTX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.