CME Group Earnings: Everything You Must Know Now

CME Group Inc. (NASDAQ:CME) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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CME Group Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 8.75% to $0.73 in the quarter versus EPS of $0.80 in the year-earlier quarter.

Revenue: Decreased 7.18% to $719 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CME Group Inc. reported adjusted EPS income of $0.73 per share. By that measure, the company met the mean analyst estimate of $0.73. It beat the average revenue estimate of $714.6 million.

Quoting Management: “We have made progress so far this year as we continue to implement our global strategy,” said CME Group Executive Chairman and President Terry Duffy. “Our overall average daily volume was 12.5 million in the first quarter compared with 10.5 million in the second half of last year, driven by strength in our interest rate, foreign exchange and equity products. As the over-the-counter market transitions, we are providing our clients with a variety of tools to help them manage risk. Looking ahead, we will keep investing in the company’s growth while also continuing to consistently return capital to shareholders in the most efficient way.”

Key Stats (on next page)…

Revenue increased 8.79% from $660.9 million in the previous quarter. EPS increased 15.87% from $0.63 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.83 to a profit $0.81. For the current year, the average estimate has moved down from a profit of $3.23 to a profit of $3.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)