These Analysts Revise Their Forecasts On Cboe Global Markets Following Q4 Results
Portfolio Pulse from Avi Kapoor
Cboe Global Markets, Inc. (NYSE:CBOE) exceeded Q4 earnings expectations with $2.06 per share against the forecasted $2.03, despite sales missing estimates at $499.00 million versus $511.68 million expected. The company anticipates 5% to 7% organic net revenue growth for FY24. Following the report, shares dropped by 1.1% to $182.78. Analysts from Barclays, Rosenblatt, and Oppenheimer adjusted their price targets, with changes reflecting both increases and decreases but maintaining positive ratings.
February 05, 2024 | 1:45 pm
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Cboe Global Markets surpassed Q4 earnings expectations but missed on sales forecasts, with shares falling 1.1% post-announcement. Analysts have adjusted their price targets with a generally positive outlook.
While Cboe Global Markets exceeded earnings expectations, the miss on sales forecasts and the subsequent share price drop indicate a mixed short-term impact. Analysts' adjustments to price targets and maintained positive ratings suggest confidence in the company's future performance, potentially stabilizing the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100