ICE Earnings Prediction
The chart below shows how ICE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ICE sees a -0.48% change in stock price 10 days leading up to the earnings, and a +3.64% change 10 days following the report. On the earnings day itself, the stock moves by +0.05%. This data can give you a slight idea of what to expect for the next quarter's release.
ICE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.35B
17.27%
1.38%
Gross Margin
--
--
--
Operating Margin
48.53%
-2.80%
4.01%
Net Margin
28.57%
2.36%
3.59%
EPS
1.14
18.75%
3.64%
No Data Available
ICE Earnings Analysis
Intercontinental Exchange Inc. Corporation (ICE.N) Earnings Conference Call
Positive
Record Third Quarter Revenues: Third quarter net revenues totaled a record $2.3 billion, including record transaction revenues of $1.1 billion and record recurring revenues of $1.2 billion.
Record Operating Income Growth: Adjusted pro forma operating income increased by 12% versus the prior year, reaching a record $1.4 billion with adjusted earnings per share totaling a record $1.55.
Record Exchange Segment Revenues: Third quarter net revenues for the Exchange segment totaled a record $1.3 billion, up 12% year-over-year, driven by a 34% increase in interest rate business and record energy revenues which grew 23% year-over-year.
Record Fixed Income Revenues: Fixed Income and Data Services segment revenues totaled a record $586 million, including record recurring revenues of $461 million which grew by 6% year-over-year.
Environmental Revenue Surge: Environmental revenues grew 60% in the third quarter, contributing to a 49% growth in environmental revenues year-to-date.
Negative
Recurring Revenue Decline: 1. Declining Recurring Revenues: In the Mortgage Technology segment, recurring revenues totaled $387 million, which represents a year-over-year decline, indicating ongoing challenges in this area.
OTC Revenue Decline Forecast: 2. Lower OTC Revenue Guidance: The company expects OTC and other revenue to decrease by $15 million to $20 million in Q4 due to a regulatory fee holiday, reflecting a negative outlook for this revenue stream.
Rising Operating Expenses: 3. Increased Operating Expenses: Fourth quarter adjusted operating expenses are projected to rise to between $977 million and $987 million, indicating a significant increase in costs compared to the previous quarter.
Mortgage Revenue Stabilization: 4. Stabilization of Mortgage Revenues: While recurring revenues in the Mortgage Technology segment stabilized relative to the second quarter, they still reflect a decline year-over-year, highlighting ongoing market difficulties.
Q4 Revenue Guidance Outlook: 5. Conservative Q4 IMT Revenue Guidance: The guidance for total IMT revenues in Q4 is expected to be between $495 million and $505 million, indicating a slowdown in growth compared to previous quarters.
ICE FAQs
How does ICE typically perform around its earnings report dates?
Is Intercontinental Exchange, Inc. (ICE) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
ICE Earning Call Sentiment
Intercontinental Exchange, Inc. (ICE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ICE.N
2.13%Positive
The earnings call summary reveals strong financial performance, with record revenues and earnings, a share repurchase program, and optimistic guidance for mortgage market stabilization. The Q&A section provided additional insights into growth opportunities, particularly in energy and environmental markets. While there are risks, such as regulatory impacts and competitive pressures, the overall sentiment is positive. The lack of market cap data limits precise prediction, but the strong financial results and strategic initiatives suggest a likely positive stock price movement.