Earnings Preview: Intercontinental Exchange
Portfolio Pulse from Benzinga Insights
Intercontinental Exchange (NYSE:ICE) is scheduled to release its quarterly earnings report on February 8, 2024. Analysts predict an EPS of $1.29. The company's past performance shows a consistent trend of beating EPS estimates, which has positively impacted its share price. Shares are currently trading at $126.33, reflecting an 18.53% increase over the last 52 weeks. Investors are optimistic, focusing on both the earnings outcome and the company's future guidance.
February 07, 2024 | 4:01 pm
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POSITIVE IMPACT
Intercontinental Exchange is expected to report an EPS of $1.29 for the upcoming quarter. Historical data shows positive share price movements following earnings beats. Currently, shares have risen 18.53% over the last year, indicating strong investor confidence.
Given ICE's history of exceeding EPS estimates and the subsequent positive impact on its share price, it's likely that another earnings beat could lead to further share price appreciation. The consistent upward trend in share price over the past year, coupled with investor optimism around earnings reports, supports a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100