Cboe Global Markets Q1 2024 Adj EPS $2.15 Beats $2.04 Estimate, Sales $502.100M Miss $504.796M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cboe Global Markets reported Q1 2024 adjusted EPS of $2.15, surpassing the $2.04 estimate, but its sales of $502.1M fell short of the $504.796M forecast. This represents a 6.51% increase in sales compared to the same period last year.
May 03, 2024 | 11:31 am
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NEUTRAL IMPACT
Cboe Global Markets exceeded EPS estimates but missed sales forecasts for Q1 2024, showing a 6.51% increase in sales YOY.
The mixed results with an earnings beat but a slight miss on sales forecasts could lead to a neutral short-term impact on CBOE's stock price. The earnings beat is positive, but the sales miss, albeit slight, may temper investor enthusiasm. The year-over-year sales growth indicates underlying strength, supporting a neutral outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100