- Nasdaq Inc. 1Q net revenue amounted to $1.12 billion, up by 22% year-on-year, which matched the estimate.
- Market Platforms net revenue was $794 million, showing a decrease of 23% year-on-year.
- Capital Access Platforms net revenue increased by 15% year-on-year, reaching $479 million.
- Adjusted operating margin was recorded at 53%, a slight increase from 52% year-on-year, just below the estimate of 53.3%.
- Adjusted operating expenses reached $524 million, marking a 20% increase year-on-year, which aligned with the estimate of $524.7 million.
- US cash equities total industry average daily share volume was 11.8 billion, equivalent to the volume of last year and higher than the estimate of 11.72 billion.
- US cash equities matched share volume was 116.7 billion, a decrease of 4.2% year-on-year, slighly below the estimate of 116.71 billion.
- Adjusted EPS (Earnings Per Share) was recorded at 63 cents, lower than the estimated 65 cents.
- Cash and cash equivalents rose 4% year-on-year to $388 million, below the estimated $532.9 million.
- The company’s year forecast for adjusted operating expenses is at $2.13 billion to $2.19 billion, an increase from the previously forecasted $2.11 billion to $2.19 billion.
- The company’s quarter dividend is 24.00C / Share, a rise from the previous 22.00C.
- AxiomSL and Calypso achieved a combined pro forma ARR growth of 15% in the first quarter.
- For its 2024 non-GAAP operating expense guidance, the company forecasts a range of $2,125 million to $2,185 million, whilst maintaining its 2024 non-GAAP tax rate guidance to be in the range of 24.5% to 26.5%.
- The company received 11 buy ratings, 9 hold ratings, and 1 sell rating from analysts.
A look at Nasdaq Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Nasdaq Inc, the company appears to have a positive long-term outlook. With above-average scores in Growth, Value, and Dividend factors, Nasdaq Inc is positioned well for future expansion and income generation. The company’s high Momentum score indicates strong market performance in the near term, reflecting investor confidence in its potential.
Nasdaq Inc, a global stock exchange operator, has shown resilience in the face of challenges with a moderate score in that category. Overall, with a balanced mix of positive scores across key factors, Nasdaq Inc seems poised for continued growth and success in the competitive financial markets.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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