TMX Group Ltd reports results for the quarter ended June 30 - Earnings Summary

• TMX Group Ltd X.TO reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of eight analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 40 cents to 53 cents per share.

• Revenue rose 14.9% to C$421.70 million from a year ago; analysts expected C$415.82 million.

• TMX Group Ltd's reported EPS for the quarter was 26 cents​.

• The company reported quarterly net income of C$74.1 million.

• TMX Group Ltd shares had fallen by 2.6% this quarter and gained 27.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% 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 3 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy."

• Wall Street's median 12-month price target for TMX Group Ltd is C$58.50, about 3.7% above its last closing price of C$56.34

This summary was machine generated from LSEG data July 31 at 11:17 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)