Nasdaq (NDAQ) Q2 Earnings Beat Estimates, Revenues Grow Y/Y

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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 $1.18 per share, beating the Zacks Consensus Estimate of $1.16. Earnings improved 17% year over year on higher revenues.

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 $1.16 per share over the last 7 days.

Nasdaq has a solid earnings surprise history. The company surpassed the Zacks Consensus Estimate by an average of 1.27% in the trailing four quarters.

Nasdaq, Inc. Price and EPS Surprise

Nasdaq, Inc. Price and EPS Surprise | Nasdaq, Inc. Quote

Revenues Miss

Nasdaq's revenues of $615 million in the quarter increased 3% year over year. The Zacks Consensus Estimate was $621.3 million.

Key Takeaways

Adjusted operating expenses were $325 million in the reported quarter, up 5% from the year-ago quarter.

Operating margin contracted 100 bps year over year to 47%.

The Nasdaq Stock Market welcomed 89 new listings, 56 of which were IPOs.

As of Jun 30, 2018, long term debt decreased 17.4% over 2017 end level to $3.1 billion.

Nasdaq bought back shares worth $241 million in the quarter.

The company expects its 2018 non-GAAP operating expense in the range of $1,310-$1,335 million.

What Zacks Rank Says

Nasdaq carries a Zacks Rank #3 (Hold). 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!

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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.

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