S&P 500 (NYSE:SPY) component CME Group, Inc. (NASDAQ:CME) will unveil its latest earnings on Thursday, July 28, 2011. CME Group Inc provides risk management and investment services to customers, including professional traders, financial institutions, investors, corporations, manufacturers and governments. Do you want to profit from commodities and agribusiness? Get a free copy of our highly acclaimed Commodities Premium Investment Newsletter.
CME Group, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $4.17 per share, a decline of 5.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $4.28. Between one and three months ago, the average estimate moved down, but has risen from $4.14 during the last month. For the year, analysts are projecting net income of $16.86 per share, a rise of 9% from last year.
Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of $4.36 per share against a mean estimate of net income of $4.18 per share. In the fourth quarter of the last fiscal year, it missed forecasts by 4 cents.
Wall St. Revenue Expectations: On average, analysts predict $821.3 million in revenue this quarter, a rise of 0.9% from the year ago quarter. Analysts are forecasting total revenue of $3.28 billion for the year, a rise of 9.3% from last year’s revenue of $3 billion.
Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.
The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 32.4%. The quarter with the biggest boost was the most recent quarter, which saw a 90.1% surge.
Competitors to Watch: IntercontinentalExchange, Inc. (NYSE:ICE), NYSE Euronext (NYSE:NYX), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), CBOE Holdings, Inc (NASDAQ:CBOE), MarketAxess Holdings Inc. (NASDAQ:MKTX).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had fallen $22.59 (-7.3%) from $308.29 to $285.70. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 6.2% (+$17.35) over that span. It saw one of its worst periods between May 19, 2011 and May 27, 2011 when shares fell for seven-straight days, falling 5.4% (-$16.18) over that span. Shares are down $32.91 (-10.3%) year to date.
(Source: Xignite Financials)