Nasdaq, Inc. (NASDAQ:NDAQ) is reporting third quarter financial results on Wednesday 21st October 2020, before market open.
According to analysts surveyed by Thomson Reuters, NDAQ is expected to report 3Q20 income of $ 1.45 per share from revenue of $ 688.02 million.
For the full year, analysts anticipate top line of $ 2780.51 million, while looking forward to income of $ 5.93 per share bottom line.
Previous Quarter Performance
Nasdaq, Inc. unveiled income for the second quarter of $ 1.45 per share, from the revenue of $ 699.00 million, On adjusted basis, NDAQ reported income for the quarter of $ 1.54 per share. The quarterly earnings raised 39.42 percent while revenues extended 12.20 percent compared with the same quarter last year. The consensus estimates are income of $ 1.44 per share from $ 681.97 million in revenue. The bottom line results beat street analysts by $ 0.1 or 6.94 percent, at the same time, top line results outshined analysts by $ 17.03 million or 2.50 percent.
Stock Performance
Shares of Nasdaq, Inc. traded up $ 1.51 or 1.18 percent on Tuesday, reaching $ 128.99 with volume of 868.60 thousand shares. Nasdaq, Inc. has traded high as $ 131.07 and has cracked $ 127.51 on the downward trend
The closing price of $ 128.99, representing a 77.90 % increase from the 52 week low of $ 71.66 and a 7.58 % decrease over the 52 week high of $ 137.94.
The company has a market capital of $ 21.19 billion and is part of the Financial Services sector and Financial Exchanges industry.
Recent Analyst recommendations
- On 9th October 2020, initiated by Loop Capital at Buy rating, with $ 145.00 target price.
Recent Stock Dividend Announcement
On July 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 September 11, 2020, with payment date of September 25, 2020 and ex-dividend date on September 10, 2020.
Conference Call
Nasdaq, Inc. will be hosting a conference call at 8:00 AM eastern time on 21st October 2020, to discuss its 3Q20 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.
