Intercontinental Exchange Q1 2024 GAAP EPS $1.48, Inline, Sales $2.300B Miss $2.310B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intercontinental Exchange (ICE) reported Q1 2024 earnings of $1.48 per share, meeting analyst estimates, but missed sales estimates with $2.300 billion versus the expected $2.310 billion, marking a 21.31% increase from the previous year.
May 02, 2024 | 11:33 am
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NEUTRAL IMPACT
Intercontinental Exchange reported Q1 2024 earnings per share of $1.48, aligning with estimates, and sales of $2.300 billion, slightly missing the $2.310 billion estimate but showing a significant year-over-year growth.
While ICE met EPS estimates, the slight miss in sales expectations could lead to mixed short-term sentiment among investors. However, the substantial year-over-year sales growth indicates strong underlying business performance, likely mitigating any negative impact from the sales miss. The neutral score reflects this balance between meeting EPS estimates and slightly missing sales forecasts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100