- During the first quarter, Nasdaq Inc. reported net revenue of $1.12 billion, showing a 22% year-over-year increase.
- Market Services observed net revenue of $237 million.
- Capital Access Platforms reported a net revenue of $479 million, indicating a 15% rise year-over-year.
- The adjusted operating margin was 53%, a small increase from 52% in the same quarter the previous year.
- Nasdaq reported adjusted operating expenses of $524 million, an uptick of 20% from the previous year.
- Total industry average daily share volume in US cash equities remained stable at 11.8 billion.
- US cash equities matched share volume witnessed a slight dropdown of 4.2% year-over-year, with 116.7 billion.
- The adjusted EPS stood at 63c, slightly below the estimated 65c.
- Cash and cash equivalents increased 4% year-over-year, amounting to $388 million.
- Nasdaq forecasts adjusted operating expenses to be in the range of $2.13 to $2.19 billion.
- The quarterly dividend stood at 24.00C per share, displaying an increase from the prior 22.00C.
- AxiomSL and Calypso witnessed 15% combined pro forma ARR growth in the first quarter.
- The company updated its 2024 non-GAAP operating expense guidance from $2,125 million to $2,185 million, while maintaining its 2024 non-GAAP tax rate guidance in the range of 24.5% to 26.5%.
- On the buy-hold-sell scale, there were 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 seems to have a positive long-term outlook. With a strong momentum score of 4, Nasdaq Inc is showing promising growth potential in the future. This indicates that the company is gaining traction and its stock price could continue to rise. Additionally, the value, dividend, and growth scores of 3 suggest a stable financial position and potential for returns to investors over time. While the resilience score of 2 is slightly lower, indicating some vulnerability to market fluctuations, the overall outlook appears favorable for Nasdaq Inc.
Nasdaq Inc operates a global stock exchange and provides various financial services worldwide. With a balanced mix of scores in value, dividend, growth, and momentum, the company appears to be well-positioned for future success. Investors may find Nasdaq Inc to be an attractive investment option based on these Smartkarma Smart Scores, which point towards a company with solid fundamentals and growth potential in the long term.
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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