Intercontinental Exchange Stock To Edge Past The Expectations In Q4

Intercontinental Exchange (NYSE: ICE) is scheduled to report its fiscal Q4 2022 results on Thursday, February 2, 2023. We expect Intercontinental Exchange to edge past the consensus estimates of revenues and earnings. The exchange surpassed the street expectations in the last quarter, with net revenues (total revenues minus transaction-based expenses) increasing by 1% y-o-y to $1.81 billion. It was primarily due to growth in exchange-driven revenues and fixed income & data services category, partially offset by lower mortgage technology income. We expect the same trend to continue in Q4.

Our forecast indicates that Intercontinental Exchange’s valuation is $127 per share, which is 19% above the current market price of $107. Our interactive dashboard analysis on Intercontinental Exchange’s Earnings Preview has more details.