- Adjusted EPS: $2.15, up from $1.78 year-over-year, beating the estimate of $2.10.
- Net Revenue: $513.8 million, up 10% year-over-year, slightly below the estimate of $514.8 million.
- Total Revenue: $974.0 million, up 7.3% year-over-year, below the estimate of $984.7 million.
- Adjusted EBITDA: $340.7 million, up 16% year-over-year, exceeding the estimate of $325.1 million.
- Adjusted Operating Income: $316.7 million, up 15% year-over-year, beating the estimate of $313.6 million.
- Adjusted Operating Margin: 61.6%, up from 58.8% year-over-year, higher than the estimate of 61.2%.
- Organic Total Net Revenue Growth: Updated to 6-8% for 2024, previously forecasted at 5-7%.
- Data and Access Solutions Organic Net Revenue Growth: Expected to hit the lower end of the 7-10% target.
- Adjusted Operating Expense Guidance for 2024: Reaffirmed at $795 to $805 million.
- Analyst Ratings: 6 buys, 10 holds, 1 sell.
A look at Cboe Global Markets Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| 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
Analysts at Smartkarma have given Cboe Global Markets a mixed outlook based on their Smart Scores. The company scored a 4 in Growth and Momentum, indicating positive future prospects in terms of expansion and market performance. However, Cboe Global Markets received lower scores of 2 in both Value and Dividend, suggesting that the company may not be considered undervalued or a high dividend-yielding stock. Additionally, the Resilience score of 3 highlights a moderate level of stability and ability to withstand market fluctuations. Despite the varied scores, the overall outlook for Cboe Global Markets seems to lean towards growth and strong market momentum.
Cboe Global Markets, Inc. is a key player in the trading of standardized options on equity securities. Known for its expertise in options trading on various financial instruments like individual equities, market indexes, and exchange-traded funds, the company offers a diverse suite of products in multiple markets. With a hybrid trading model, Cboe Global Markets has carved a niche for itself in the trading industry, emphasizing innovation and adaptability to cater to the evolving needs of investors and traders.
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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