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

Nasdaq reported mixed volumes for the first quarter 2021. While U.S. equity options volume increased 57% year over year to 892 million contracts in the first quarter, European options and futures volume declined 22.9% year over year to 22.2 million contracts. Shares gained 1.8% in the last trading session.

Revenue capture per contract for U.S. equity options slumped 26.7%, while the same for European options and futures increased 10.3% in the first quarter.

Under its cash equities, Nasdaq’s U.S. matched equity volume in the first quarter grossed about 152.6 billion shares, up 20.3% from the prior-year quarter. European equity volume increased nearly 7% year over year to $323 billion.

Under fixed income commodities, U.S. Fixed income volumes traded were $2.5 trillion, up 20.7%. European fixed income volume increased 8.2% to 7.9 million contracts.

Total listings in the first quarter increased 13.7% to 4,757. Higher listing revenues coupled with increased demand for IR Intelligence, ESG Services and board portal offerings might have favored the Corporate Services segment.The Zacks Consensus Estimate for Corporate Services segment revenues is pegged at $144 million, indicating 12.5% increase from the year-ago reported figure.

The consensus estimate for listing revenues is pegged at $88 million, suggesting growth of 17.3% from the year-ago reported figure

The Zacks Consensus Estimate for earnings stands at $1.74, indicating 16% increase from the prior-year reported figure.

What Our Quantitative Model States

Our proven model does not conclusively predict an earnings beat for Nasdaq this time around. This is because the stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case as you can see below.

Earnings ESP: Nasdaq has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
 

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