Marketaxess Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• Marketaxess Holdings Inc MKTX.OQ reported quarterly adjusted earnings of $1.87​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.92. The mean expectation of twelve analysts for the quarter was for earnings of $1.81 per share. Wall Street expected results to range from $1.78 to $1.84 per share.

• Revenue fell 0.8% to $208.58 million from a year ago; analysts expected $209.72 million.

• Marketaxess Holdings Inc's reported EPS for the quarter was 40 cents​.

• The company reported quarterly net income of $15.07 million.

• Marketaxess Holdings Inc shares had risen by 5.8% this quarter and gained 1.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.6% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 8 "hold" and 1 "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 Marketaxess Holdings Inc is $223.00

This summary was machine generated from LSEG data May 7 at 01:31 p.m. UTC. ​All figures in US 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)