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Marketaxess Holdings (MKTX)
NASDAQ:MKTX
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.83Last Year’s EPS
$1.84Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -17.91%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in revenue, international trading, and emerging markets, supported by strategic partnerships and automation. However, challenges in U.S. high-grade market share and high-yield activity, along with increased variable expenses, present areas to address. The sentiment remains mixed with strong positives balanced by notable challenges.Company Guidance
During the MarketAxess Q3 2024 earnings call, the executives provided guidance that highlighted a 20% increase in revenue, driven by strong growth in market volumes, and a 30% rise in diluted earnings per share. They emphasized that their October trading metrics reflected continued robust growth in market volumes, despite a decline in U.S. high-grade market share attributed to lower portfolio trading and a shift to large block trading. The company is executing a strategy to regain market share in U.S. credit while enhancing their global portfolio trading solution, which has already shown promising market share gains. They also noted strong growth in emerging markets trading, with a record increase in trading volumes in LatAm and APAC regions by 51% and 30%, respectively. Additionally, MarketAxess reported a 28% growth in dealer RFQ and an 11-fold increase in Eurobond MDX trading volume, indicating progress in their dealer-to-dealer segment. The company also highlighted their strategic partnership with S&P Global to combine their CP+ market data with S&P's evaluated bond pricing, aimed at enhancing their product diversification across global credit and rates.Strong Revenue and Earnings Growth
Delivered 20% growth in revenue and 30% increase in diluted earnings per share driven by strong market volumes.
International Trading Volume Expansion
International client trade volume increased by 23% year-over-year, with a 3-year CAGR of 17%.
Emerging Markets Performance
Record trading volume in LatAm and APAC regions, up 51% and 30%, respectively.
Strategic Partnership with S&P Global
Announced a partnership with S&P Global, combining MarketAxess market data with S&P's global evaluated bond pricing solution.
Increase in Open Trading Activity
Open Trading ADV reached $4 billion, representing 35% of total credit volume, up from 34% in the prior year.
Automation Suite Growth
Record automation trade count with a 3-year CAGR of 40%, now representing 11% of total credit volume.
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MKTX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MKTX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $278.38 | $274.11 | -1.53% |
| Aug 06, 2024 | $221.57 | $233.18 | +5.24% |
| May 07, 2024 | $203.87 | $199.01 | -2.38% |
| Jan 31, 2024 | $270.87 | $222.67 | -17.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marketaxess Holdings (MKTX) report earnings?
Marketaxess Holdings (MKTX) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Marketaxess Holdings (MKTX) earnings time?
Marketaxess Holdings (MKTX) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MKTX EPS forecast?
MKTX EPS forecast for the fiscal quarter 2024 (Q4) is $1.83.
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