Cboe Global (CBOE) To Report Q3 Earnings: Is A Beat In Store?
Zacks Investment Research | Oct 28, 2019 09:53PM ET
Cboe Global Markets (NYSE:CBOE) is slated to report third-quarter 2019 results on Nov 1, before market open. The company delivered positive earnings surprise in the last two reported quarters of 2019.
Let’s see how things have shaped up for this announcement.
Cboe Global’s third-quarter performance is likely to have benefited from strong market position and strength in its proprietary products, primarily SPX options, VIX options and VIX futures.
Acquisition of Bats Global is likely to have aided non-transactional revenue generating avenues.
Third-quarter revenues are expected to have benefited from proprietary market data and access and capacity fees. The Zacks Consensus Estimate for revenues is pegged at $284.2 million, indicating 5.1% increase from year-ago reported quarter figure.
CBOE Global estimates revenue per contract (RPC) for total options for the third quarter of 2019 to be 1% to 2% lower than 24.10 cents for the two months ended Aug 31, 2019. The RPC for futures is projected to be 0.5% to 1% higher than the two-month average of $1.783, indicating lower volume-related rebates in September.
Expenses are likely to have increased given several ongoing investments in systems hardware and software.
The Zacks Consensus Estimate for earnings is pegged at $1.15, indicating 5.2% increase from the year-ago period reported figure.
Cboe Global Markets, Inc. Price and EPS Surprise
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