Earnings Preview: NYSE Euronext

NYSE Euronext (NYX) is expected to report Q2 earnings Friday before the open with a conference call scheduled for 8:00 am ET.

Guidance

Analysts are looking for EPS of 78c on revenue of $806.85M. The consensus range for EPS is 73c to 81c, while the consensus range for revenue is $787M to $826M, according to First Call.

Analyst Views

Jefferies predicted last month that NYSE Euronext's trading volumes would drop during the seasonally slow summer months, but the firm believes the company's diverse revenue base leaves it well-positioned for strong growth. NYSE Euronext's efficiency gains will increase its margins and enable the company's EPS to increase over the long-term, added Jefferies, which maintained its Buy rating.

The company reported that the average daily volume of its European cash exchanges in June rose 12.8% year-over-year to 1.5M. NYSE Euronext added that the average daily volume of its U.S. cash exchanges in June jumped 16.1% year-over-year.

Last month, NYSE Euronext bought a 25% stake in Qatar's Doha Securities Market for $250M and launched a strategic partnership with the Middle Eastern exchange. Also in June, the American Stock Exchange officially approved its takeover by NYSE Euronext.