Intercontinental Exchange (ICE) Q1 Earnings: What's In Store?
Zacks Investment Research | May 01, 2017 04:00AM ET
Intercontinental Exchange, Inc. (NYSE:ICE) will release first-quarter 2017 results on May 3, before the market opens. Last quarter, the company posted a positive earnings surprise of 2.90%. Let’s see how things are shaping up for this announcement.
Factors to Influence Q1 Results
Intercontinental Exchange is expected to have benefited from continued growth and its return-oriented business. Strategic initiatives across markets, listings, data and clearing as well as acquisitions should add to the upside.
Quarterly results of Intercontinental Exchange should benefit from improved average daily volume.
Results should also be supported by the company’s strength in recurring market data revenues.
The company is likely to have realized synergies from acquired data businesses.
Increased share buybacks should provide additional boost to the bottom line.
Adjusted operating expenses are likely to have increased owing to a rise in product launches, technology upgrade as well as higher debt and integration expenses, rebates and compensation and benefits expenses.
Intercontinental Exchange Inc. Price and EPS Surprise
Earnings ESP Filter
Zacks Rank: Intercontinental Exchange carries a Zacks Rank #3. Though a favorable Zacks Rank increases the predictive power of ESP, we need a positive Earnings ESP to be confident about an earnings beat.
Conversely, we caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
Here are some companies from the finance sector that you may want to consider as these have the right combination of elements to post an earnings beat this quarter:
Prudential Financial Inc. (NYSE:PRU) , which is set to report first-quarter earnings on May 3, has an Earnings ESP of +0.38% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Financial Group, Inc. (NYSE:AFG) has an Earnings ESP of +0.73% and a Zacks Rank #3. The company is slated to report first-quarter earnings on May 3.
AerCap Holdings N.V (NYSE:AER) has an Earnings ESP of +2.13% and a Zacks Rank #3. The company is set to report first-quarter earnings on May 9.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. Zacks Investment Research
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