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What Does Wall Street See for MarketAxess Holdings's Q1?

Monday - 4/22/2013, 2:00am  ET

MarketAxess Holdings is expected to report Q1 earnings on April 24. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MarketAxess Holdings's revenues will grow 7.7% and EPS will expand 5.7%.

The average estimate for revenue is $54.6 million. On the bottom line, the average EPS estimate is $0.37.

Revenue details
Last quarter, MarketAxess Holdings logged revenue of $50.4 million. GAAP reported sales were 12% higher than the prior-year quarter's $45.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.36. GAAP EPS of $0.54 for Q4 were 86% higher than the prior-year quarter's $0.29 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 64.1%, 90 basis points better than the prior-year quarter. Operating margin was 44.9%, 310 basis points better than the prior-year quarter. Net margin was 40.6%, much better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $226.0 million. The average EPS estimate is $1.58.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 48 members out of 59 rating the stock outperform, and 11 members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give MarketAxess Holdings a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MarketAxess Holdings is hold, with an average price target of $33.60.

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This article was originally published as What Does Wall Street See for MarketAxess Holdings's Q1?on Fool.com

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