Tradeweb Markets (TW) Q3 earnings: what to expect
Electronic trading platform Tradeweb Markets (NASDAQ:TW) will be reporting earnings this Thursday before the bell. Here’s what investors should know.
Tradeweb Markets met analysts’ revenue expectations last quarter, reporting revenues of $558.9 million, up 9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.
Is Tradeweb Markets a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Tradeweb Markets’s revenue to grow 15% year on year, improving from the 13.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Tradeweb Markets rarely misses Wall Street’s revenue estimates.
Looking at Tradeweb Markets’s peers in the financial exchanges & data segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nasdaq delivered year-on-year revenue growth of 12.6%, beating analysts’ expectations by 1.1%, and CME Group reported revenues up 13%, topping estimates by 0.8%. Nasdaq traded up 6.7% following the results while CME Group was also up 3.6%.
Read our full analysis of Nasdaq’s results here and CME Group’s results here.
Investors in the financial exchanges & data segment have had steady hands going into earnings, with share prices flat over the last month. Tradeweb Markets is up 18.7% during the same time and is heading into earnings with an average analyst price target of $127.80 (compared to the current share price of $119.63).
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