Electronic trading platform Tradeweb Markets (NASDAQ: TW) will be reporting earnings this Wednesday before the bell. Here’s what to look for.
Tradeweb Markets beat analysts’ revenue expectations last quarter, reporting revenues of $521.2 million, up 12.5% year on year. It was a satisfactory quarter for the company, with .
Is Tradeweb Markets a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Tradeweb Markets’s revenue to grow 21.1% year on year, slowing from the 24.7% increase it recorded in the same quarter last year.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days. Tradeweb Markets has a history of exceeding Wall Street’s expectations.
Looking at Tradeweb Markets’s peers in the financial exchanges & data segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nasdaq delivered year-on-year revenue growth of 13.7%, beating analysts’ expectations by 2.2%, and MSCI reported revenues up 14.1%, topping estimates by 1.4%. Nasdaq traded up 3.7% following the results while MSCI was also up 7.2%.
Read our full analysis of Nasdaq’s results here and MSCI’s results here.
There has been positive sentiment among investors in the financial exchanges & data segment, with share prices up 13% on average over the last month. Tradeweb Markets is down 4.7% during the same time and is heading into earnings with an average analyst price target of $135.21 (compared to the current share price of $111.44).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
