TMX Group Ltd reports results for the quarter ended March 31 - Earnings Summary

• TMX Group Ltd X.TO reported quarterly adjusted earnings of 48 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 38 cents. The mean expectation of seven analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 44 cents to 51 cents per share.

• Revenue rose 21.2% to C$419.10 million from a year ago; analysts expected C$406.00 million.

• TMX Group Ltd's reported EPS for the quarter was 38 cents​.

• The company reported quarterly net income of C$105.9 million.

• TMX Group Ltd shares had risen by 6.4% this quarter and gained 26.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial & commodity market operators & service providers peer group is also "hold"

• Wall Street's median 12-month price target for TMX Group Ltd is C$55.00

This summary was machine generated from LSEG data May 5 at 11:34 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)