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Atlanta, Georgia-based Intercontinental Exchange, Inc. (ICE) provides technology and data to financial institutions, corporations, and government entities. Valued at a market cap of $103.7 billion, the company operates regulated exchanges, clearing houses, and listings venues for the listing, trading, and clearing of an array of derivatives contracts and financial securities. It is expected to announce its fiscal Q2 earnings for 2025 before the market opens on Thursday, Jul. 31.
Ahead of this event, analysts expect this financial giant to report a profit of $1.76 per share, up 15.8% from $1.52 per share in the year-ago quarter. The company has met or topped Wall Street’s earnings estimates in each of the last four quarters. In Q1, ICE’s EPS of $1.72 outpaced the forecasted figure by 1.2%.
For fiscal 2025, analysts expect ICE to report a profit of $6.98 per share, representing a 15% increase from $6.07 per share in fiscal 2024. Furthermore, its EPS is expected to grow 10.9% year-over-year to $7.74 in fiscal 2026.
Shares of ICE have soared 22.3% over the past 52 weeks, outpacing both the S&P 500 Index's ($SPX) 13.6% rise and the Financial Select Sector SPDR Fund’s (XLF) 21.4% uptick over the same time frame.
Shares of ICE rose 1.7% on May 1, after its strong Q1 earnings release. The company reported net revenue of $2.5 billion and adjusted EPS of $1.72, both of which exceeded consensus estimates. Moreover, its top line climbed 8% year-over-year to a record high, fueled by solid performance across all reportable segments, with the exchange segment leading the way with a notable 22.4% increase. Additionally, a 200 basis-point improvement in its adjusted operating margin contributed to an impressive 16.2% year-over-year increase in its adjusted EPS.
Wall Street analysts are highly optimistic about ICE’s stock, with an overall "Strong Buy" rating. Among 18 analysts covering the stock, 12 recommend "Strong Buy," three indicate "Moderate Buy,” and three suggest "Hold.” The mean price target for ICE is $202.12, indicating an 11.8% potential upside from the current levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
