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Intercontinental Exchange (ICE) is expected to report Q3 earnings before market open Thursday Oct. 30, with a conference call scheduled for 8:30 am.


Analysts are looking for EPS of $1.04 on revenue of $201.66M. The consensus range for EPS is 99c to $1.08, while the consensus range for revenue is $197.40M to $206.53M, according to First Call. The exchange has reported that its Q3 volume rose 12% year-over-year in Q3.

Analyst Views

Firms have recently had mixed views on Intercontinental. Raymond James reduced its Q3 EPS estimate for the company to $1.00 from $1.10, due to the firm's belief that the company will have weaker than expected trading commissions and a delay in launching a new clearing house. Bernstein recently lowered its target for the company to $150 from $180. The firm reduced its Q3 EPS for the company to $1.09 from $1.18, in order to reflect the firm's forecast for lower volumes and a delay in the opening of the company's European clearing business.

Meanwhile, Am Tech initiated Intercontinental with a Buy rating and a $115 target. The firm thinks the company is poised to exploit the growth in both OTC and exchange traded markets.

Intercontinental Exchange is expected to compete with CME Group (CME) for the right to create a credit default swap clearing exchange. Investors will want to know if Intercontinental believes it has a good chance to win this battle, and how much the company believes it can earn by creating a CDS exchange.

Source: Earnings Preview: Intercontinental Exchange