CME Group Inc. (NASDAQ:CME) is reporting second quarter financial results on Wednesday 29th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, CME is expected to report 2Q20 income of $ 1.62 per share from revenue of $ 1194.66 million.
For the full year, analysts anticipate top line of $ 5172.81 million, while looking forward to income of $ 7.31 per share bottom line.
Previous Quarter Performance
CME Group Inc. came out with income for the first quarter of $ 2.33 per share, from the revenue of $ 1,522.00 million. The quarterly earnings enlarged 43.83 percent while revenues up 27.84 percent compared with the same quarter last year.
According to street consensus, CME was expected to report 1Q20 income of $ 2.23 per share from revenue of $ 1494.26 million. The bottom line results beat street analysts by $ 0.1 or 4.48 percent, at the same time, top line results outshined analysts by $ 27.74 million or 1.86 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CME was $ 166.00, representing a 25.95 % increase from the 52 week low of $ 131.80 and a 26.34 % decrease over the 52 week high of $ 225.36.
The company has a market capital of $ 59.53 billion and is part of the Financial Services sector and Financial Exchanges industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Oppenheimer at Outperform rating, with $ 192.00 target price.
- On 10th July 2020, maintained by Bank of America at Neutral rating, with $ 180.00 target price.
- On 9th July 2020, maintained by Deutsche Bank at Buy rating, with $ 196.00 target price.
- On 23rd June 2020, maintained by Credit Suisse Group at Neutral rating, with $ 183.00 target price.
- On 3rd June 2020, maintained by Rosenblatt Securities at Sell rating, with $ 152.00 target price.
Recent Stock Dividend Announcement
On May 6, 2020, the board of directors authorized quarterly dividend of $ 0.85 per share to holders of record as of the close of business on June 10, 2020, with payment date of June 25, 2020 and ex-dividend date on June 9, 2020.
Conference Call
CME Group Inc. will be hosting a conference call at 8:30 AM eastern time on 29th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-800-367-2403 U.S. or 1-334-777-6978 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/jrmq9sfm
CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products. The company executes trade through its electronic trading platforms, open outcry, and privately negotiated transactions; and provides clearing for exchange-traded contracts and cleared swaps, as well as settlement services.
