Earnings Preview: NYSE Euronext

NYSE Euronext (NYX) is expected to report Q3 earnings before market open Friday, October 31, with a conference call scheduled for 8:00 am.

Guidance

Analysts are looking for EPS of 72c on revenue of $817.31M. The consensus range for EPS is 68c to 76c, while the consensus range for revenue is $793.59M to $857.38M, according to First Call. Deutsche Bank recently slashed the company's target to $38 from $72, citing the firm's more negative outlook for the company's volumes.

Analyst Views

Deutsche maintained a Buy rating on the stock. Meanwhile, Morgan Stanley recently initiated the stock with an Underweight rating and $21 target. NYSE Euronext has submitted a proposal in partnership with Northern Trust (NTRS) to manage the government's $700B bailout fund, Crain's reported on October 10. NYSE investors will want to confirm this report Friday, and find out how much the company believes it can earn if it wins the contract. Last month, the company's CEO said it was in a "strong financial position." Investors will want to find out Friday if this is still the case.

Comments

[Ray Pellecchia:]

Fly -- I work in PR for NYSE Euronext and just wanted to update you that the contract you mention was awarded to Bank of New York Mellon. Here's that press release: www.treas.gov/press/re...

Thanks. -- Ray

2008 Oct 30 04:36 PM