CME Group (CME) is anticipated to show an increase in earnings compared to the previous year, along with higher revenues when it announces its results for the quarter ending in September 2024. While the consensus outlook provides an idea of the company’s earnings performance, the actual results will determine its stock price in the near future. The earnings report is scheduled to be released on October 23, 2024, and if the key numbers surpass expectations, the stock may rise. Conversely, if the numbers fall short, the stock could decline.
According to the Zacks Consensus Estimate, CME is expected to report quarterly earnings of $2.57 per share, reflecting a 14.2% increase year-over-year. Revenues are also projected to increase by 14.3% to $1.53 billion from the same quarter last year.
Analysts have revised the consensus EPS estimate higher by 2.65% over the past 30 days, indicating positive sentiment. The Earnings Whisper suggests that estimate revisions before an earnings release can provide insight into the business conditions. The Zacks Earnings ESP, which compares the Most Accurate Estimate to the Consensus Estimate, indicates a positive deviation of +3.02% for CME.
The company has a Zacks Rank of #2, further supporting the potential for an earnings beat. Looking at the earnings surprise history, CME has surpassed consensus EPS estimates in the last four quarters, indicating a positive trend.
While an earnings beat is a good indicator for stock performance, other factors can also influence how the stock moves post-earnings release. Investors are advised to consider all aspects before making decisions based solely on earnings results. Utilizing tools like the Earnings ESP Filter can help identify potential stocks to buy or sell before their earnings report.
In conclusion, CME Group Inc. shows promise as an earnings-beat candidate, but investors should conduct thorough research and consider various factors before making investment decisions. Keeping track of upcoming earnings announcements and staying informed about the company’s performance can help investors make well-informed choices.