Earnings Outlook For MarketAxess Holdings
Portfolio Pulse from Benzinga Insights
MarketAxess Holdings (NASDAQ:MKTX) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $1.73. Investors are looking for an earnings beat and positive guidance for future growth. In the past, MKTX's stock price has shown sensitivity to earnings performance and guidance rather than just earnings beats or misses. The stock is currently trading at $278.36, down 27.06% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders ahead of the earnings release.
January 30, 2024 | 6:01 pm
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NEUTRAL IMPACT
MarketAxess Holdings is anticipated to report quarterly earnings with an estimated EPS of $1.73. Historical data shows that stock price reacts to earnings performance and guidance. Currently trading at $278.36, the stock has seen a 27.06% decline over the past year.
The short-term impact on MKTX's stock price will likely hinge on whether the company beats the estimated EPS of $1.73 and provides positive future guidance. Historical trends suggest that the stock is sensitive to earnings performance and guidance. However, given the stock's 27.06% decline over the past year, investor sentiment may already be bearish, which could moderate the impact of the earnings report unless there is a significant surprise in either direction.
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IMPORTANCE 90
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