Nasdaq OMX Group
The 10-second takeaway
For the quarter ended June 30 (Q2), Nasdaq OMX Group beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue increased slightly and GAAP earnings per share improved.
Margins improved across the board.
Nasdaq OMX Group logged revenue of $424.0 million. The 13 analysts polled by S&P Capital IQ predicted a top line of $408.7 million on the same basis. GAAP reported sales were 1.8% lower than the prior-year quarter's $838.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.64. The 17 earnings estimates compiled by S&P Capital IQ anticipated $0.60 per share. GAAP EPS of $0.53 for Q2 were 3.9% higher than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.5%, 190 basis points better than the prior-year quarter. Operating margin was 24.5%, 120 basis points better than the prior-year quarter. Net margin was 11.3%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $415.1 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $2.51.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 583 members out of 607 rating the stock outperform, and 24 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Nasdaq OMX Group a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nasdaq OMX Group is outperform, with an average price target of $28.47.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Nasdaq OMX Group. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Nasdaq OMX Group to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.