Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessCME Group Inc. (NASDAQ:CME) Surpasses Earnings Expectations

CME Group Inc. (NASDAQ:CME) Surpasses Earnings Expectations

Add to Favorite
Added to Favorite


Earnings Per Share (EPS) of $2.68, beating the estimated $2.65 and marking a significant increase from the previous year.
Revenue reached $1.58 billion, an 18.4% increase year-over-year, slightly below the estimated $1.59 billion but exceeding Zacks Consensus Estimate.
Financial Ratios such as the price-to-earnings (P/E) ratio of approximately 23.50 and a low debt-to-equity ratio of 0.12 highlight CME’s strong financial health.

CME Group Inc. (NASDAQ:CME) is a leading global markets company that operates exchanges such as the Chicago Board of Trade. It provides a platform for trading a wide range of asset classes, including futures and options. In a competitive landscape, CME stands out with its robust financial performance and consistent ability to exceed market expectations.

On October 23, 2024, CME reported earnings per share (EPS) of $2.68, surpassing the estimated $2.65. This represents a significant increase from the $2.25 EPS reported in the same quarter last year. The earnings surprise for this quarter is 1.13%, continuing a trend of outperforming consensus EPS estimates over the past four quarters.

CME’s revenue for the third quarter of 2024 reached $1.58 billion, slightly below the estimated $1.59 billion. However, this figure marks an 18.4% increase compared to the same period last year. The revenue exceeded the Zacks Consensus Estimate of $1.57 billion, resulting in a positive surprise of 0.66%.

The company’s financial health is further highlighted by its price-to-earnings (P/E) ratio of approximately 23.50, indicating investor confidence in its earnings potential. CME’s price-to-sales ratio of about 13.37 and enterprise value to sales ratio of 13.56 reflect the market’s valuation of its revenue and total worth.

CME maintains a low debt-to-equity ratio of 0.12, suggesting a conservative approach to debt usage. Its current ratio of 1.02 indicates the company’s ability to cover short-term liabilities with short-term assets, underscoring its strong financial position.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Coca-Cola (NYSE:KO) Surpasses Earnings and Revenue Estimates

Coca-Cola reported an EPS of $0.77, beating the estimated...

East West Bancorp (NASDAQ:EWBC) Financial Overview and Market Performance

East West Bancorp's recent earnings report exceeded expectations with...

Thermo Fisher Scientific Inc. (NYSE:TMO) Reports Mixed Q3 Earnings

Thermo Fisher's EPS of $5.28 exceeded estimates but showed...

Norfolk Southern Corporation (NYSE:NSC) Surpasses Earnings Estimates

Norfolk Southern Corporation (NYSE:NSC) reported an EPS of $3.25,...