Nasdaq (NDAQ) Q2 Earnings Beat Estimates on Higher Revenues

Have you been eager to see how Nasdaq, Inc . NDAQ , performed in Q2 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 $1.02 per share, beating the Zacks Consensus Estimate of 96 cents. Earnings improved 12.1% year over year.

Improved revenues drove the upside.

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 96 cents per share over the last 7days.

Nasdaq has a decent earnings surprise history. Overall, the company surpassed the Zacks Consensus Estimate by an average of 4.5% in the trailing four quarters.

Revenues Beat

Nasdaq's revenues of record $602.0 million in the quarter increased 7.7% year over year. The Zacks Consensus Estimate was $595.3 million.

Key Takeaways

Adjusted operating expenses were $315 million in the reported quarter, up 5% year over year.

As of Jun 30, 2017, Nasdaq achieved $60 million in annualized run-rate cost synergies. Additionally, the company also estimated $10-$20 million in additional synergies to be realized post completion of other platform consolidations.

The Nasdaq Stock Market welcomed 64 new listings during the second quarter of 2017, 36 of which were IPOs.

As of Jun 30, 2017, debt decreased 15.1% over 2016 end level to $3.1 billion.

The company expects 2017 non-GAAP operating expense in the range of $1,260-$1,290 million.

What Zacks Rank Says

The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Nasdaq. 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!

The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaries," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Nasdaq, Inc. (NDAQ): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Other Topics

Earnings Investing Stocks

Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More