Zacks Research Issues Negative Estimate for Nasdaq Earnings

Nasdaq, Inc. (NASDAQ:NDAQ) – Zacks Research decreased their Q4 2024 earnings per share estimates for Nasdaq in a report released on Thursday, November 14th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.73. The consensus estimate for Nasdaq’s current full-year earnings is $2.78 per share. Zacks Research also issued estimates for Nasdaq’s Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.74 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $3.08 EPS, Q1 2026 earnings at $0.83 EPS, Q2 2026 earnings at $0.89 EPS, Q3 2026 earnings at $0.87 EPS and FY2026 earnings at $3.54 EPS.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.05. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the business earned $0.71 EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis.

NDAQ has been the subject of several other research reports. Oppenheimer increased their price target on Nasdaq from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. TD Cowen decreased their target price on shares of Nasdaq from $81.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Argus boosted their price target on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their target price on Nasdaq from $92.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Piper Sandler lifted their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.87.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $78.76 on Monday. The company has a market capitalization of $45.27 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 3.07 and a beta of 0.95. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. Nasdaq has a twelve month low of $53.36 and a twelve month high of $80.77. The stock has a fifty day simple moving average of $74.28 and a 200 day simple moving average of $67.46.

Institutional Trading of Nasdaq

A number of hedge funds have recently bought and sold shares of NDAQ. Wellington Management Group LLP increased its position in shares of Nasdaq by 163.3% during the 3rd quarter. Wellington Management Group LLP now owns 38,833,510 shares of the financial services provider’s stock valued at $2,835,235,000 after purchasing an additional 24,084,154 shares during the last quarter. Mizuho Securities USA LLC raised its position in Nasdaq by 13,532.3% in the third quarter. Mizuho Securities USA LLC now owns 4,000,000 shares of the financial services provider’s stock worth $292,040,000 after acquiring an additional 3,970,658 shares during the period. Vanguard Group Inc. raised its position in Nasdaq by 7.0% in the first quarter. Vanguard Group Inc. now owns 48,239,872 shares of the financial services provider’s stock worth $3,043,936,000 after acquiring an additional 3,173,981 shares during the period. Farallon Capital Management LLC boosted its stake in Nasdaq by 28.4% in the first quarter. Farallon Capital Management LLC now owns 8,436,719 shares of the financial services provider’s stock valued at $532,357,000 after acquiring an additional 1,866,219 shares during the last quarter. Finally, State Street Corp grew its position in shares of Nasdaq by 11.2% during the 3rd quarter. State Street Corp now owns 17,951,698 shares of the financial services provider’s stock valued at $1,310,653,000 after acquiring an additional 1,811,616 shares during the period. 72.47% of the stock is currently owned by institutional investors.

Insider Activity

In other Nasdaq news, EVP Bradley J. Peterson sold 13,642 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $75.32, for a total value of $1,027,515.44. Following the completion of the sale, the executive vice president now owns 142,830 shares in the company, valued at approximately $10,757,955.60. This trade represents a 8.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeremy Skule sold 12,000 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $77.92, for a total transaction of $935,040.00. Following the transaction, the executive vice president now directly owns 114,580 shares in the company, valued at approximately $8,928,073.60. This represents a 9.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock worth $2,860,902 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, December 6th. Nasdaq’s dividend payout ratio (DPR) is presently 57.49%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.