- Nasdaq Inc. updates 2024 adjusted operating expenses projection to $2.15 billion to $2.19 billion.
- Previous guidance was $2.13 billion to $2.19 billion.
- Analysts had estimated $2.13 billion in adjusted operating expenses.
- Adjusted Earnings per Share (EPS) for Q2 is 69 cents.
- Net revenue for Q2 stands at $1.16 billion, a 25% increase compared to the previous year.
- Analysts had estimated Q2 net revenue at $1.13 billion.
- Adjusted operating margin improved to 53%, up from 52% the previous year.
- Analysts had estimated the adjusted operating margin to be 52.4%.
- Adjusted operating expenses for Q2 are $539 million, a 22% increase year-over-year.
- Analysts had estimated Q2 adjusted operating expenses at $537.5 million.
- US cash equities total industry average daily share volume reached 11.8 billion, a 9.3% growth year-over-year.
- Analysts had estimated the daily share volume at 11.71 billion.
- US cash equities matched share volume stood at 119.3 billion, up 4.9% year-over-year.
- Analysts had estimated matched share volume at 119.43 billion.
- Cash and cash equivalents at the end of the quarter were $416 million.
- Analysts had estimated cash and cash equivalents at $529.4 million.
- Nasdaq maintains its 2024 non-GAAP tax rate guidance in the range of 24.5% to 26.5%.
- Current analyst recommendations include 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 the Smartkarma Smart Scores for Nasdaq Inc, the company shows a positive long-term outlook. With a strong momentum score of 4, Nasdaq Inc seems to be gaining significant traction in the market. This indicates a potential for continued growth and upward movement in the future. The company also scores well in terms of value, dividend, and growth, all receiving a score of 3, suggesting a stable foundation and potential for returns to investors.
However, Nasdaq Inc‘s resilience score is slightly lower at 2. This could indicate some vulnerability to market fluctuations or challenges in the future. Overall, with a solid performance in most factors and a high momentum score, Nasdaq Inc appears poised for success in the long term.
### Nasdaq, Inc. operates a global stock exchange. The Company provides trading, clearing, exchange technology, regulatory, securities listing, and information services. Nasdaq offers its services worldwide. ###
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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