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Intercontinental Exchange Inc. (ICE)
NYSE:ICE
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.53Last Year’s EPS
$1.33Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -9.48%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with record-breaking revenue and growth across multiple segments, including the Exchange and Fixed Income and Data Services. However, challenges remain in the mortgage technology segment and expectations for reduced revenue and increased expenses in the fourth quarter. Despite these challenges, the overall performance and strategic initiatives indicate a strong position in the market.Company Guidance
In the third quarter of 2024, ICE reported record net revenues of $2.3 billion, driven by $1.1 billion in transaction revenues and $1.2 billion in recurring revenues. Adjusted operating expenses were $960 million, contributing to a 12% increase in adjusted pro forma operating income, totaling a record $1.4 billion. The company achieved an adjusted EPS of $1.55, and reduced debt by $600 million, ending the quarter with an adjusted leverage ratio of 3.5x EBITDA. Looking ahead to Q4, ICE expects OTC and other revenue between $75 million to $80 million, with a regulatory fee holiday reducing revenues by $15 million to $20 million. Fourth quarter adjusted operating expenses are projected between $977 million to $987 million, while full-year CapEx is anticipated to be $700 million to $740 million due to data center investments.Record Third Quarter Results
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. Adjusted pro forma operating income increased by 12% year-over-year, reaching a record $1.4 billion with adjusted earnings per share at a record $1.55.
Exchange Segment Performance
Third quarter net revenues for the Exchange segment totaled a record $1.3 billion, up 12% year-over-year. Record transaction revenues of $890 million were up 17%, driven by a 34% increase in the interest rate business and record energy revenues, which grew 23% year-over-year.
Fixed Income and Data Services Growth
Third quarter revenues in the Fixed Income and Data Services segment totaled a record $586 million. Record recurring revenues totaled $461 million, growing by 6% year-over-year, including nearly 30% growth in the index business.
Debt Reduction
ICE reduced its debt outstanding by approximately $600 million during the quarter, ending the period with adjusted leverage of approximately 3.5x EBITDA.
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ICE 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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ICE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $166.05 | $155.42 | -6.40% |
| Aug 01, 2024 | $150.70 | $150.14 | -0.37% |
| May 02, 2024 | $127.53 | $125.40 | -1.67% |
| Feb 08, 2024 | $126.52 | $132.48 | +4.71% |
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 Intercontinental Exchange Inc. (ICE) report earnings?
Intercontinental Exchange Inc. (ICE) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Intercontinental Exchange Inc. (ICE) earnings time?
Intercontinental Exchange Inc. (ICE) earnings time is at Feb 06, 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 ICE EPS forecast?
ICE EPS forecast for the fiscal quarter 2024 (Q4) is $1.53.
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