IntercontinentalExchange Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component IntercontinentalExchange, Inc. (NYSE:ICE) will unveil its latest earnings on Wednesday, November 2, 2011. IntercontinentalExchange operates the electronic futures and OTC marketplace for the trading of energy, soft agricultural commodities, credit default swaps and other financial products.

IntercontinentalExchange, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.77 per share, a rise of 24.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.66. Between one and three months ago, the average estimate moved up. It has risen from $1.68 during the last month. For the year, analysts are projecting net income of $6.85 per share, a rise of 21.2% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 3 cents, coming in at profit of $1.69 a share versus the estimate of net income of $1.66 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 17.1% in revenue from the year-earlier quarter to $336.1 million.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit rose 19.4% to $121.4 million ($1.64 a share) from $101.7 million ($1.36 a share) the year earlier, exceeding analyst expectations. Revenue rose 9.8% to $325.2 million from $296.2 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 27.4% in the first quarter and 17.7% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 18.7% in the first quarter from the year earlier, climbed 11.1% in the fourth quarter of the last fiscal year from the year-ago quarter and 12.1% in the third quarter of the last fiscal year.

Competitors to Watch: NYSE Euronext (NYSE:NYX), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), CME Group Inc. (NASDAQ:CME), CBOE Holdings, Inc (NASDAQ:CBOE), Deutsche Boerse AG (DB1), MarketAxess Holdings Inc. (NASDAQ:MKTX), Forestar Group Inc. (NYSE:FOR), Bank of America Corp. (NYSE:BAC), BGC Partners, Inc. (NASDAQ:BGCP), and Thomson Reuters Corp. (NYSE:TRI).

Stock Price Performance: During August 3, 2011 to October 27, 2011, the stock price had risen $15.10 (12.9%) from $117.02 to $132.12. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 8.4% (+$9.95) over that span. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 15.9% (-$19.69) over that span. Shares are up $12.97 (+10.9%) year to date.

(Source: Xignite Financials)

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