Wall Street's Insights Into Key Metrics Ahead of MarketAxess (MKTX) Q4 Earnings

Wall Street analysts forecast that MarketAxess (MKTX) will report quarterly earnings of $1.70 per share in its upcoming release, pointing to a year-over-year decline of 7.6%. It is anticipated that revenues will amount to $203.35 million, exhibiting an increase of 3.1% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 3.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.Given this perspective, it's time to examine the average forecasts of specific MarketAxess metrics that are routinely monitored and predicted by Wall Street analysts.The consensus estimate for 'Revenues- Commissions' stands at $176.68 million. The estimate indicates a change of +2.8% from the prior-year quarter.Analysts forecast 'Revenues- Post-trade services' to reach $10.99 million. The estimate indicates a year-over-year change of +0.4%.Analysts expect 'Revenues- Information services' to come in at $13.05 million. The estimate points to a change of +9.5% from the year-ago quarter.Based on the collective assessment of analysts, 'Total commission revenue- Total variable transaction fees' should arrive at $148.05 million. The estimate points to a change of +8.1% from the year-ago quarter.According to the collective judgment of analysts, 'Average Variable Transaction Fee Per Million - Credit' should come in at $149.91. Compared to the present estimate, the company reported $156.28 in the same quarter last year.It is projected by analysts that the 'Average Daily Volume - Total' will reach $39.18 billion. The estimate is in contrast to the year-ago figure of $29.64 billion.The consensus among analysts is that 'Average Daily Volume - Total credit trading' will reach $14.15 billion. Compared to the present estimate, the company reported $13.11 billion in the same quarter last year.The collective assessment of analysts points to an estimated 'Average Daily Volume - Total rates trading' of $25.02 billion. The estimate compares to the year-ago value of $16.53 billion.Analysts' assessment points toward 'Average Variable Transaction Fee Per Million - Rates' reaching $4.30. The estimate compares to the year-ago value of $4.62.The average prediction of analysts places 'Average Daily Volume - Total credit trading - Emerging markets' at $3.47 billion. Compared to the current estimate, the company reported $2.93 billion in the same quarter of the previous year.The combined assessment of analysts suggests that 'Average Daily Volume - Total credit trading - High-grade' will likely reach $6.75 billion. Compared to the present estimate, the company reported $6.22 billion in the same quarter last year.Analysts predict that the 'Average Daily Volume - Total credit trading - Eurobonds' will reach $1.97 billion. Compared to the current estimate, the company reported $1.77 billion in the same quarter of the previous year.View all Key Company Metrics for MarketAxess here>>>MarketAxess shares have witnessed a change of -0.9% in the past month, in contrast to the Zacks S&P 500 composite's +1.7% move. With a Zacks Rank #3 (Hold), MKTX is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MarketAxess Holdings Inc. (MKTX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks