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Cboe Global Markets Inc (CBOE)
BATS:CBOE
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Earnings Data
Report Date
Feb 07, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.14Last Year’s EPS
$2.06Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -10.02%
|Next Earnings Date:Feb 07, 2025
Earnings Call Sentiment|Positive
The earnings call for Cboe Global Markets was largely positive, highlighted by record revenue and earnings, strong growth in derivatives and data solutions, and strategic partnerships. However, there were concerns about rising operating expenses and competitive pressures in certain market segments.Company Guidance
During the third quarter earnings call for Cboe Global Markets on November 1, 2024, the company provided detailed guidance on several key performance metrics. Cboe reported a year-over-year net revenue growth of 11% to $532 million, with adjusted diluted earnings per share rising by 8% to $2.22. The Derivatives business saw a 13% increase in organic net revenue, driven by strong volumes in S&P 500 Index option products, with a 7% increase in average daily volume (ADV). The volatility product suite also performed well, with ADV up 33% in VIX options and 20% in VIX futures. Cash and spot markets revenue grew 12% year-over-year, while the Data and Access Solutions segment saw a 6% increase in organic net revenue. Cboe revised its full-year organic net revenue growth guidance to 7% to 9% and adjusted expense guidance to $798 million to $808 million. The company remains focused on strategic investments in technology, derivatives, and data solutions, and continues to explore inorganic opportunities that align with its growth strategy, exemplified by its recent acquisition of a 14.8% stake in Japannext.Record Revenue and Earnings
Cboe Global Markets reported record net revenue of $532 million, an 11% increase year-over-year, and adjusted diluted earnings per share rose by 8% to a record $2.22.
Strong Derivatives Growth
The Derivatives business achieved a record quarter with a 13% year-over-year increase in organic net revenue, driven by strong volumes in SPX options (7% growth), VIX futures (20% growth), and VIX options (33% growth).
Expansion in Data and Access Solutions
The Data and Access Solutions business saw organic net revenue growth of 6% year-over-year, with 40% of new sales coming from international markets.
Cash and Spot Markets Performance
Cash and spot markets delivered a 12% increase in revenue year-over-year, with growth across all global regions.
Successful Strategic Adjustments
The company focused on strategic growth by dialing back M&A activities, lowering expense growth, stabilizing margins, and reallocating resources to core strengths like Derivatives and Data and Access Solutions.
Partnership with Robinhood
Cboe announced that Robinhood will begin offering its index options to retail investors, indicating potential for increased retail participation in options markets.
Increase in Share Repurchase Authorization
Cboe increased its share repurchase authorization by $500 million, with $680 million available for repurchases as of September end.
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CBOE 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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CBOE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $212.95 | $209.39 | -1.67% |
| Aug 02, 2024 | $184.65 | $192.64 | +4.33% |
| May 03, 2024 | $172.54 | $178.04 | +3.19% |
| Feb 02, 2024 | $182.54 | $180.61 | -1.06% |
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 Cboe Global Markets Inc (CBOE) report earnings?
Cboe Global Markets Inc (CBOE) is schdueled to report earning on Feb 07, 2025, Before Open Not Confirmed.
What is Cboe Global Markets Inc (CBOE) earnings time?
Cboe Global Markets Inc (CBOE) earnings time is at Feb 07, 2025, Before Open 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 CBOE EPS forecast?
CBOE EPS forecast for the fiscal quarter 2024 (Q4) is $2.14.
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