- Cboe’s net revenue for the fourth quarter reached $524.5 million, reflecting a 5.1% increase year-over-year, aligning closely with the estimated $525.4 million.
- Total revenue surged to $1.11 billion, marking a significant 14% growth from the previous year and exceeding the estimate of $1.04 billion.
- The company earned $762.6 million in transaction and clearing fees, up by 3.8% from the previous year.
- Access and capacity fees rose by 7.1%, reaching $95.0 million.
- Market data fees amounted to $75.6 million, showing a 4% lift year-over-year, slightly below the projected $76.8 million.
- Regulatory fees saw a substantial increase to $151.2 million, compared to $47.8 million the previous year, far surpassing the estimate of $105 million.
- Adjusted EBITDA was recorded at $331.6 million, a 3.4% rise from the prior year, closely matching the estimate of $330.7 million.
- Analyst recommendations included 5 buys, 12 holds, and 3 sells on the stock.
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
Analyzing the Smartkarma Smart Scores for Cboe Global Markets, the company shows a promising long-term outlook. With a strong score of 4 in Growth and Momentum, Cboe Global Markets is positioned well for future expansion and market performance. This indicates a positive trend in the company’s growth potential and market momentum, suggesting a favorable outlook for investors.
Despite a moderate score in Value and Dividend at 2, Cboe Global Markets demonstrates resilience with a score of 3. This resilience factor showcases the company’s ability to withstand market fluctuations and challenges over the long term. Overall, the Smart Scores point towards a company with solid growth prospects and market momentum, promising a bright future for Cboe Global Markets as it continues to operate as a leading marketplace for trading options.
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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