- MarketAxess’ earnings per share for Q4 were reported at $1.73, surpassing the estimated $1.69 but lower than the $1.84 in the previous year.
- The company’s revenue for the quarter reached $202.4 million, marking a 2.6% increase from the previous year, just shy of the estimated $203.1 million.
- Total commissions revenue rose by 1.7% year-over-year to $174.8 million, falling short of the expected $178.5 million.
- Information Services achieved revenue of $13.2 million, a 10% increase year-over-year, meeting the estimated figure exactly.
- Post-Trade Services revenue was slightly below expectations at $11.0 million, increasing by 0.2% from the previous year.
- Variable transaction fees amounted to $141.8 million, a 3.5% increase year-over-year, but did not meet the expected $145 million.
- Other credit transaction fees saw a significant increase, reaching $129.4 million, which is a 1.6% rise year-over-year and well above the estimated $77.4 million.
- Analyst coverage consensus includes 5 buy ratings, 10 hold ratings, and 1 sell rating.
A look at Marketaxess Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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
MarketAxess Holdings, Inc., a company that operates an electronic bond trading platform, is positioned for a positive long-term outlook. Analyzing the Smartkarma Smart Scores, MarketAxess received a score of 4 for resilience, indicating its ability to weather market volatility and economic uncertainty well. This resilience factor suggests that the company is well-equipped to navigate challenging times and maintain its stability over the long run.
Additionally, MarketAxess scored a 3 in both dividend and growth categories, reflecting moderate but steady performance in these areas. With a blend of growth potential and dividend stability, MarketAxess is poised to offer investors a balanced investment opportunity. Overall, the company’s smart scores paint a picture of a solid and reliable player in the electronic bond trading sector.
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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