Zacks Research Has Pessimistic Outlook of Nasdaq Q4 Earnings

Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - Investment analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of Nasdaq in a research note issued on Thursday, November 14th. Zacks Research analyst T. De now anticipates that the financial services provider will post earnings of $0.72 per share for the quarter, down from their previous estimate of $0.73. The consensus estimate for Nasdaq's current full-year earnings is $2.78 per share. Zacks Research also issued estimates for Nasdaq's Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.08 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $0.89 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.54 EPS.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. Nasdaq had a return on equity of 14.56% and a net margin of 13.67%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm earned $0.71 EPS. Nasdaq's quarterly revenue was up 21.9% compared to the same quarter last year.

Several other equities analysts have also issued reports on NDAQ. The Goldman Sachs Group boosted their price objective on Nasdaq from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Raymond James raised Nasdaq from a "market perform" rating to an "outperform" rating and set a $82.00 price target for the company in a research report on Monday, October 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $88.00 price target on shares of Nasdaq in a research report on Friday, October 25th. Barclays upped their price target on Nasdaq from $84.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, UBS Group upped their price target on Nasdaq from $73.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Nasdaq presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.87.

Nasdaq Stock Up 1.0 %

Shares of NDAQ traded up $0.81 on Monday, hitting $79.57. The company's stock had a trading volume of 1,012,102 shares, compared to its average volume of 2,877,078. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The firm's fifty day moving average price is $74.28 and its 200-day moving average price is $67.46. Nasdaq has a fifty-two week low of $53.36 and a fifty-two week high of $80.77. The firm has a market capitalization of $45.73 billion, a price-to-earnings ratio of 47.16, a P/E/G ratio of 3.07 and a beta of 0.95.

Institutional Trading of Nasdaq

Several large investors have recently modified their holdings of the stock. Citizens Financial Group Inc. RI boosted its stake in Nasdaq by 3.6% in the third quarter. Citizens Financial Group Inc. RI now owns 3,975 shares of the financial services provider's stock valued at $290,000 after buying an additional 137 shares in the last quarter. First Pacific Financial boosted its stake in Nasdaq by 1.0% in the third quarter. First Pacific Financial now owns 13,842 shares of the financial services provider's stock valued at $1,011,000 after buying an additional 142 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in Nasdaq by 4.2% in the third quarter. Crestwood Advisors Group LLC now owns 3,670 shares of the financial services provider's stock valued at $268,000 after buying an additional 149 shares in the last quarter. Kentucky Retirement Systems boosted its stake in Nasdaq by 0.5% in the third quarter. Kentucky Retirement Systems now owns 28,828 shares of the financial services provider's stock valued at $2,105,000 after buying an additional 154 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Nasdaq by 2.5% in the third quarter. Signaturefd LLC now owns 6,584 shares of the financial services provider's stock valued at $481,000 after buying an additional 162 shares in the last quarter. 72.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jeremy Skule sold 12,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the sale, the executive vice president now directly owns 114,580 shares of the company's stock, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Pc Nelson Griggs sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $75.71, for a total value of $454,260.00. Following the sale, the insider now directly owns 215,563 shares in the company, valued at approximately $16,320,274.73. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock worth $2,860,902 in the last 90 days. Company insiders own 0.70% of the company's stock.

Nasdaq Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, December 6th. Nasdaq's payout ratio is 57.49%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.