Nasdaq OMX Group Inc. (NASDAQ:NDAQ) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.34%.
Nasdaq OMX Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.92% to $0.64 in the quarter versus EPS of $0.61 in the year-earlier quarter.
Revenue: Decreased 47.82% to $418 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Nasdaq OMX Group Inc. reported adjusted EPS income of $0.64 per share. By that measure, the company beat the mean analyst estimate of $0.62. It missed the average revenue estimate of $418.41 million.
Quoting Management: “The successful execution of our strategy has delivered solid first quarter results,” said Bob Greifeld, CEO, NASDAQ OMX. “While the volume environment remained challenging, our portfolio of corporate, trading, technology, and information businesses continue to deliver consistent revenue and earnings performance. We remain focused on helping our clients manage the growing complexity and connectivity, which is required to optimize today’s global business environment, by delivering products and services that enhance efficiency and productivity in the environments in which they operate.”
Key Stats (on next page)…
Revenue decreased 44.41% from $752 million in the previous quarter. EPS were the same at $0.64 as 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 $0.70 to a profit $0.67. For the current year, the average estimate has moved down from a profit of $2.77 to a profit of $2.66 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)