Tradeweb (TW) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Tradeweb Markets (TW) reported revenue of $328.36 million, up 14.4% over the same period last year. EPS came in at $0.55, compared to $0.45 in the year-ago quarter.
The reported revenue represents a surprise of +0.31% over the Zacks Consensus Estimate of $327.34 million. With the consensus EPS estimate being $0.55, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Tradeweb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average variable fees per million dollars of volume - Equities: $15.50 versus $17.02 estimated by nine analysts on average.
Average variable fees per million dollars of volume - Credit: $43.26 versus the nine-analyst average estimate of $49.40.
Average variable fees per million dollars of volume - Rates: $2.10 compared to the $2.16 average estimate based on nine analysts.
Average Daily Volumes - Money Markets: $522.08 billion compared to the $497.15 billion average estimate based on nine analysts.
Revenue by Asset Class- Credit- Fixed: $7.58 million compared to the $6.91 million average estimate based on nine analysts.
Revenue by Asset Class- Money Markets- Fixed: $4.33 million compared to the $4.39 million average estimate based on nine analysts.
Revenue by Asset Class- Equities- Fixed: $2.32 million versus $2.32 million estimated by nine analysts on average.
Revenue by Asset Class- Total Variable: $226.73 million versus $225.50 million estimated by nine analysts on average.
Revenue by Asset Class- Money Markets- Variable: $11.43 million versus the nine-analyst average estimate of $11.61 million.
Revenue by Asset Class- Rates- Variable: $114.13 million compared to the $111.64 million average estimate based on nine analysts.
Revenue by Asset Class- Rates- Fixed: $58.70 million versus $58.50 million estimated by nine analysts on average.
Revenue by Asset Class- Credit- Variable: $82.48 million compared to the $82.45 million average estimate based on nine analysts.
View all Key Company Metrics for Tradeweb here>>>
Shares of Tradeweb have returned +4.3% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Tradeweb Markets Inc. (TW) : Free Stock Analysis Report
