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Although the revenue and EPS for ICE (ICE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
IntercontinentalExchange (ICE) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.43 per share a year ago.
Intercontinental Exchange is a leading player in the capital markets sector, generating strong returns for shareholders over the past decade. The recent acquisition of Black Knight enhances ICE's competitive advantages in the mortgage technology sector, driving future revenue growth. Despite high returns on capital and favorable market tailwinds, I do not yet have a position in my portfolio because I currently don't have a margin of safety.
Intercontinental's (ICE) Q2 results are likely to reflect continued strong trends across fixed-income data and analytics and an acceleration in growth in other data and network services businesses.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for ICE (ICE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
ICE (ICE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at June 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of June 30, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.49% Month-over-month change: 14.54% Year-over-year change: 11.70.
Does IntercontinentalExchange (ICE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Intercontinental Exchange's stock (NYSE: ICE) has gained roughly 15% YTD, as compared to the 17% rise in the S&P500 over the same period. In sharp contrast, Intercontinental Exchange's peer CME Group (NASDAQ: CME) is up only 5% YTD.