- Nasdaq Inc. has revised its FY adjusted operating expenses outlook to between $2.13 billion and $2.19 billion, a slight increase from the previous estimate of between $2.11 billion and $2.19 billion.
- First quarter results show a net revenue of $1.12 billion, which corresponds to a 22% rise year-on-year.
- Their market platforms experienced a net revenue of $794 million, reflecting a 23% decrease from the previous year.
- In contrast, their Capital Access Platforms saw a net revenue increase by 15% to achieve $479 million.
- The adjusted operating margin stands at 53%, a 1% rise from last year, although slightly less than the estimate of 53.3%.
- Adjusted operating expenses came in at $524 million, indicating a 20% rise year-on-year.
- The US cash equities total industry average daily share volume stays unchanged at 11.8 billion.
- The matched share volume for US cash equities has decreased by 4.2% to 116.7 billion.
- The adjusted EPS now stands at 63 cents.
- The cash and cash equivalents have grown by 4% to hit $388 million, which is lower than the estimated $532.9 million.
- Updates for 2024 include non-GAAP operating expense guidance of between $2,125 million to $2,185 million and a non-GAAP tax rate guidance between 24.5% to 26.5%.
- Investment advice regarding the company currently stands at 11 buys, 9 holds, and 1 sell.
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 Smartkarma Smart Scores, Nasdaq Inc shows a positive long-term outlook with a solid overall performance. With a Momentum score of 4, the company is displaying strong positive price trends and growth potential. This indicates a favorable market sentiment towards Nasdaq Inc. Additionally, the Value, Dividend, and Growth scores of 3 each reflect stable fundamentals and growth prospects, highlighting a balanced mix of financial health and investment potential.
However, Nasdaq Inc‘s Resilience score of 2 suggests a relatively weaker ability to withstand market downturns compared to its other scored factors. Despite this, the company’s diversified set of services in trading, exchange technology, and information services positions it well for long-term success. Overall, Nasdaq Inc‘s Smartkarma Smart Scores point towards a company with promising growth opportunities and solid market momentum, supported by a diverse range of services in the global stock exchange arena.
For summary: Nasdaq, Inc. operates a global stock exchange, offering trading, clearing, exchange technology, regulatory, securities listing, and information services internationally.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
