ICE (ICE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Intercontinental Exchange is a market leader with strong dividend growth, but its current valuation is slightly pricey, and leverage is higher than desired. Revenue and EPS have consistently grown, driven by trading volatility, organic growth, and strategic acquisitions. The firm's dividend is safe with a conservative payout ratio, but debt and leverage are concerns, possibly impacting future growth and share repurchase programs.
ICE (ICE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Cable news channel Newsmax began trading on the New York Stock Exchange on Monday. The conservative TV news outlet has seen its ratings rise with the election of President Donald Trump and other prominent Republicans -- although it still falls behind the dominant Fox News.
Circle is teaming with Intercontinental Exchange (ICE) to explore the broader use of stablecoins. The partnership, announced Thursday (March 27), will see ICE — operator of The New York Stock Exchange (NYSE) — explore the use of Circle's USDC stablecoin to develop new products and solutions for its customers.
Intercontinental gains from strategic buyout, growth on the strength of its compelling portfolio, expansive risk-management services and a solid balance sheet.
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.