Nasdaq (NDAQ) Q1 Earnings and Revenues Beat Estimates
Have you been eager to see how Nasdaq, Inc. NDAQ performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this NY-based major exchange operator’s earnings release this morning:
An Earnings Beat
Nasdaq reported adjusted earnings per share of $1.22 per share, beating the Zacks Consensus Estimate of $1.17. Earnings declined 1.6% year over year.
Nasdaq, Inc. Price and EPS Surprise
Nasdaq, Inc. Price and EPS Surprise | Nasdaq, Inc. Quote
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Nasdaq depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at $1.17 per share over the last 7 days.
Nasdaq has a modest earnings surprise history. The company surpassed the Zacks Consensus Estimate by an average of 1.70% in the trailing four quarters.
Revenues Beat
Nasdaq’s revenues of $634 million in the quarter decreased 4.8% year over year. The Zacks Consensus Estimate was $633million.
Key Takeaways
Adjusted operating expenses were $322 million in the reported quarter, down 8.8% from the year-ago quarter.
Operating margin of 49% expanded 200 basis points year over year.
The Nasdaq Stock Market welcomed 59 new listings in the quarter, including 37 IPOs
As of Mar 31, 2019, long term debt reduced 21.2% from 2018-end level to $2.3 billion.
The board of directors approved a 7% hike in regular quarterly dividend to 47 cents.
As of Mar 31, 2019, Nasdaq had $332 million remaining under share repurchase authorization.
Nasdaq expects 2019 non-GAAP operating expense in the range of $1,29 to $1,33 million.
What Zacks Rank Says
Nasdaq carries a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Nasdaq earnings report!
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