NASDAQ Stock Is Poised For Mixed Results In Q2

SourceForbes
SectorFinancial Markets
CountryMiddle east

NEW YORK CITY, UNITED STATES – 2020/02/20: A logo of the Nasdaq Stock Market seen in Midtown … [+] Manhattan. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images) NASDAQ (NASDAQ: NDAQ) is scheduled to report its fiscal Q2 2021 results on Wednesday, July 21. We expect NASDAQ to top the consensus estimates of earnings and revenues.

The exchange posted better than expected results in the last quarter driven by strong growth in its top-line. This rise was driven by higher U. S. trading volumes and a jump in investment intelligence revenues. That said, we expect the trading volumes to see some sequential drop in the second quarter, and non-trading revenues to drive the results. Our forecast indicates that NASDAQ’s valuation is around $170 per share, which is 5% below the current market price of around $179. Look at our interactive dashboard analysis on NASDAQ’s pre-earnings: What To Expect in Q2? for more details. (1) Net revenues expected to miss the...read more...