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 Reports Q3 EPS Beat

CME Group Reports Q3 EPS Beat

Add to Favorite
Added to Favorite


CME Group (NASDAQ:CME) reported its Q3 results, with EPS of $1.98 coming in better than the Street estimate of $1.92. Revenue was $1.2 billion, slightly below the Street estimate of $1.22 billion.
Analysts at Deutsche Bank provided their views on the results, reiterating their buy rating and tweaking their price target to $202 from $200 on the company’s shares.
While the analysts viewed Q3 results as being good overall with better spread income and cost control driving the 3% earnings beat, they noted that trends into Q4 appear mixed. Positively, the company is generating stronger net interest income on its client cash collateral balances, which should sustain into Q4. On the other hand, management maintained its 2022 expense outlook, implying a 15% sequential expense lift in Q4, mostly on higher comp and marketing/event/travel spend.
The analysts continue to see the company’s current discounted valuation as a good entry point for a relatively stable EPS story in tough markets with a nearly 5% dividend yield.

Subscribe to get Latest News Updates

Latest News

You may like more
more

CyberArk Software Ltd. (NASDAQ:CYBR): A Leader in Cybersecurity Solutions

CyberArk's consensus price target has been on the rise,...

Lattice Semiconductor Corporation’s Financial Efficiency Outshines Peers

Lattice Semiconductor Corporation (NASDAQ:LSCC) demonstrates superior financial efficiency with...

Broadridge Financial Solutions, Inc. (NYSE:BR) Insider Stock Sale and Participation in Wealth Symposium

Broadridge Financial Solutions, Inc. (NYSE:BR) is a leading fintech...

Claros Mortgage Trust Inc (NYSE:CMTG) Faces Market Challenges Despite Strong Earnings

Claros Mortgage Trust Inc (NYSE:CMTG) surpasses earnings expectations with...