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TMX Group Ltd (TSE:X)
TSX:X
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.43Last Year’s EPS
0.37Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 2.08%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in revenue growth, driven by strategic acquisitions and increased trading volumes, particularly in derivatives. However, the increase in operating expenses and challenges in Capital Formation due to market conditions were noted. Overall, the highlights of revenue growth and strategic positioning outweigh the lowlights.Company Guidance
During the TMX Group Limited Q3 2024 earnings call, the company provided detailed guidance emphasizing its robust performance and strategic growth initiatives. TMX reported a 23% increase in revenue, reaching $353.8 million, driven by strong contributions from TMX VettaFi and TMX Trayport with organic growth at 12%. The company's Global Solutions, Insights and Analytics segment saw a 41% revenue increase, with TMX VettaFi contributing $31.1 million and achieving a 7% revenue increase in Canadian dollars. Derivatives Trading and Clearing revenue, excluding BOX, grew by 23%, supported by a 19% increase at the Montreal Exchange. TMX Trayport's revenue rose by 22%, fueled by a 27% rise in total licensees. Capital Formation revenue was up 2%, bolstered by the $1.7 million contribution from Newsfile. The company remains committed to its growth strategy, planning to leverage recent acquisitions and technological advancements to sustain its momentum. TMX also highlighted strategic investments in iNDEX Research and Newsfile, which are expected to be accretive to adjusted EPS in 2025, and emphasized its focus on international expansion and enhancing operational capabilities.Strong Third Quarter Revenue Growth
TMX Group's revenue for Q3 2024 was $353.8 million, marking a 23% increase from the previous year, driven by the inclusion of TMX VettaFi and 12% organic growth.
VettaFi and iNDEX Research Acquisitions
TMX VettaFi acquired iNDEX Research, which manages indices with more than $10 billion in linked assets under management. The acquisition aims to expand TMX's GSIA segment.
Trayport's Significant Contribution
TMX Trayport's revenue increased 22% in Canadian dollars, driven by a 27% increase in total licensees and higher revenue from data products.
Record Derivatives Trading Volume
Derivatives Trading and Clearing revenue, excluding BOX, grew 23%, with MX revenues increasing 19% due to record trading volumes.
Growth in Capital Formation
Newsfile acquisition contributed to a 2% increase in Capital Formation revenue for Q3 2024.
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TSE:X 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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TSE:X Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | C$43.71 | C$43.30 | -0.93% |
| Jul 31, 2024 | C$41.59 | C$41.02 | -1.38% |
| May 02, 2024 | C$36.00 | C$36.69 | +1.92% |
| Feb 05, 2024 | C$32.75 | C$33.30 | +1.68% |
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 TMX Group Ltd (TSE:X) report earnings?
TMX Group Ltd (TSE:X) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is TMX Group Ltd (TSE:X) earnings time?
TMX Group Ltd (TSE:X) earnings time is at Feb 03, 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 TSE:X EPS forecast?
TSE:X EPS forecast for the fiscal quarter 2024 (Q4) is 0.43.
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