Nasdaq's (NDAQ) To Report Q1 Earnings: What In The Cards?

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Nasdaq (NDAQ - Free Report) is slated to report first-quarter 2021 results on Apr 27, before the opening bell. The company beat estimates in each of the four reported quarters of 2020.

Factors to Consider

Nasdaq’s first-quarter performance is likely to have benefited from its diversified product offerings and business model.

Information Service might have gained from growth in Index business and contributions from the investment data & analytics and market data businesses. Strategic acquisitions of eVestment, Cinnober, Quandl and Verafin is likely to get reflected in the to-be-reported quarter’s results.

Non-trading revenues are anticipated to have been aided by better performance of Market Technology, and continued strong growth of Index and Investment Data & Analytics businesses. Higher SaaS revenues are likely have driven Market Technology. The Zacks Consensus Estimate for Investment Data & Analytics businesses revenues is pegged at $45.9 million, indicating an increase of 12% from the year-ago reported figure. The consensus estimate for Index revenues is pegged at $98 million, suggesting growth of 30.7% from the year-ago reported figure.

Market Technology and Information Services businesses provide the biggest growth opportunities. Revenues in this segment are likely to have been driven by organic growth and increase in Software-as-a-Service surveillance revenues. The Zacks Consensus Estimate for Marketing Technology revenues is pegged at $102 million, suggesting growth of 25.9% from the prior-year reported figure.

Information Services segment is expected to have benefited from index licensing and investment in analytics products, courtesy of investments in expanding capabilities in higher growth areas within Information Services. The Zacks Consensus Estimate for Information Services segment revenues is pegged at $248 million, indicating 17.5% increase from the year-ago reported figure.

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