Nasdaq, Inc. (NASDAQ:NDAQ) is reporting second quarter financial results on Wednesday 22nd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, NDAQ is expected to report 2Q20 income of $ 1.44 per share from revenue of $ 681.97 million.
For the full year, analysts anticipate top line of $ 2724.12 million, while looking forward to income of $ 5.68 per share bottom line.
Previous Quarter Performance
Nasdaq, Inc. came out with income for the first quarter of $ 1.50 per share, from the revenue of $ 701.00 million. The quarterly earnings elevated 22.95 percent while revenues grew 10.57 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.46 per share from $ 692.12 million in revenue. The bottom line results beat street analysts by $ 0.04 or 2.74 percent, at the same time, top line results outshined analysts by $ 8.88 million or 1.28 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NDAQ was $ 131.01, representing a 82.82 % increase from the 52 week low of $ 71.66 and a 0.64 % decrease over the 52 week high of $ 131.85.
The company has a market capital of $ 21.49 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 $ 141.00 target price.
On 10th July 2020, maintained by Raymond James at Outperform rating, with $ 130.00 target price.
On 10th July 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 135.00 target price.
On 10th July 2020, maintained by Bank of America at Buy rating, with $ 140.00 target price.
On 9th July 2020, maintained by Deutsche Bank at Buy rating, with $ 133.00 target price.
Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.49 per share to holders of record as of the close of business on June 12, 2020, with payment date of June 26, 2020 and ex-dividend date on June 11, 2020.
Conference Call
Nasdaq, Inc. will be hosting a conference call at 8:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.business.nasdaq.com
Nasdaq, Inc. provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The companys Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
