Tradeweb Q2 revenue rises but slightly misses estimates
TW•Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy"
- Wall Street's median 12-month price target for Tradeweb Markets Inc is $122.00, about 12.8% above its July 29 closing price of $108.18
- The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 28 three months ago
Q2 revenue and earnings
- Electronic trading platform's Q2 revenue rose 9% but slightly missed analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Company raised quarterly dividend by 16.7% and repurchased $188.9 mln in shares
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Miss* | $558.95 mln | $562.42 mln (11 Analysts) |
| Q2 Adjusted EPS | Beat | $0.97 | $0.95 (13 Analysts) |
| Q2 EPS | $0.85 | ||
| Q2 Adjusted Net Income | $228.15 mln | ||
| Q2 Adjusted EBITDA | $304.14 mln | ||
| Q2 Adjusted EBITDA Margin | 54.40% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
