MarketAxess Holdings Inc. (NASDAQ: MKTX) is benefiting from increased trading volumes, a robust Open Trading platform, acquisitions and partnerships, as well as solid cash-generating abilities.
Zacks Rank & Price Performance
MarketAxess carries a Zacks Rank #3 (Hold) at present.
The stock has gained 8.1% in the past six months, in line with the industry.
Image Source: Zacks Investment Research
Robust Growth Prospects
The Zacks Consensus Estimate for MarketAxess' 2024 earnings is pegged at $7.06 per share, which indicates a year-over-year improvement of 3.1% from the 2023 reported figure. The consensus mark for revenues is pegged at $813.2 million, implying a year-over-year increase of 8.1% from the 2023 figure.
The consensus estimate for 2025 earnings is pegged at $7.97 per share, which indicates a year-over-year increase of 12.9% from the 2024 estimated figure. The consensus estimate for revenues is pegged at $909.7 million, implying a year-over-year improvement of 11.9% from the 2024 estimated figure.
Northbound Estimate Revision
The Zacks Consensus Estimate for 2024 earnings has been revised 0.7% upward in the past 30 days.
Decent Earnings Surprise History
MKTX's earnings beat estimates in three of the trailing four quarters and missed the mark once, the average surprise being 2.63%.
Solid Return on Equity
The return on equity for MKTX is 20.4%, which is higher than the industry average of 13.2%. This substantiates the company's efficiency in utilizing shareholders' funds.
Business Tailwinds
MarketAxess continues to benefit from higher trading volumes, a key driver of commissions, which are the most significant contributor to MKTX's overall revenues. The company has achieved consistent top-line growth for more ...
