CME Group Inc. (NASDAQ:CME) is set to announce third quarter earning results on Wednesday 28th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CME to report 3Q20 income of $ 1.41 per share.
For the full year, analysts anticipate top line of $ 4984.78 million, while looking forward to income of $ 6.95 per share bottom line.
Previous Quarter Performance
CME Group Inc. outlined income for the second quarter of $ 1.63 per share, from the revenue of $ 1,182.00 million. The quarterly earnings declined 7.39 percent while revenues fell 7.13 percent compared with the same quarter last year.
According to street consensus, CME was expected to report 2Q20 income of $ 1.62 per share from revenue of $ 1194.66 million. The bottom line results beat street analysts by $ 0.01 or 0.62 percent, at the same time, top line results fell short of analysts by $ 12.66 million or 1.06 percent.
Stock Performance
Shares of CME Group Inc. traded low $ -0.69 or -0.43 percent on Tuesday, reaching $ 159.47 with volume of 1.57 million shares. CME Group Inc. has traded high as $ 161.44 and has cracked $ 159.35 on the downward trend
According to the previous trading day, closing price of $ 159.47, representing a 21.52 % increase from the 52 week low of $ 131.80 and a 28.93 % decrease over the 52 week high of $ 225.36.
The company has a market capital of $ 57.19 billion and is part of the Financial Services sector and Financial Exchanges industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Rosenblatt Securities at Sell rating, with $ 141.00 target price.
- On 10th September 2020, maintained by Credit Suisse Group at Neutral rating, with $ 177.00 target price.
Recent Stock Dividend Announcement
On August 6, 2020, the board of directors authorized quarterly dividend of $ 0.85 per share to holders of record as of the close of business on September 10, 2020, with payment date of September 25, 2020 and ex-dividend date on September 9, 2020.
Conference Call
CME Group Inc. will be hosting a conference call at 8:30 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cmegroup.com
CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers a range of products across various asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals, as well as fixed income products. The company executes trade through its electronic trading platforms, open outcry, and privately negotiated transactions; and provides clearing for exchange-traded contracts and cleared swaps, as well as settlement services.
