- TMX Group’s fourth-quarter revenue reached C$393.3 million, exceeding expectations and representing a 30% year-over-year increase. The market estimate was C$373.4 million.
- The company’s Adjusted Earnings Per Share (EPS) were reported at C$0.48.
- Capital Formation revenue rose to C$72.5 million, marking a 15% increase from the previous year and surpassing the C$65.5 million estimate.
- Equities and Fixed Income Trading and Clearing revenue amounted to C$67.0 million, up 12% year-over-year. This was slightly above the estimate of C$66.7 million.
- Derivatives Trading and Clearing revenue increased significantly by 32% to C$94.4 million, beating the C$88.2 million estimate.
- Revenue from Global Solutions, Insights & Analytics soared by 48% to C$159.4 million, outperforming the C$153.9 million estimate.
- The stock received analyst ratings of 2 buys and 6 holds, with no sell recommendations.
A look at TMX Group Ltd 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
TMX Group Ltd, an integrated exchange group facilitating markets for various asset classes, has received Smartkarma Smart Scores that provide insights into its long-term outlook. With a strong momentum score of 4, TMX Group Ltd is showing positive indications of growth and performance in the future. Additionally, the company has achieved respectable scores in value, dividend, and growth factors. While its resilience score is slightly lower at 2, the overall outlook remains optimistic for TMX Group Ltd as it continues to operate liquid markets for a wide range of issuers, offering essential access to capital for emerging companies while facilitating trading and clearing of natural gas and electricity contracts.
In summary, TMX Group Ltd, a key player in the exchange market, appears well-positioned for sustained growth based on its Smartkarma Smart Scores. With a focus on providing efficient market solutions for various asset classes, the company’s robust momentum score of 4 indicates a positive trajectory for its operations. Despite a slightly lower resilience score, TMX Group Ltd‘s overall outlook remains favorable with solid scores in value, dividend, and growth factors. As a provider of essential market infrastructure, TMX Group Ltd continues to play a vital role in enhancing capital access for companies in different stages of growth while ensuring efficient trading and clearing services for energy contracts.
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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