Intercontinental Exchange Inc (NYSE: ICE) has reported E.P.S. of $0.96 for its third fiscal quarter (ending September 30) versus $-0.34 for the same period a year ago. Relative to the consensus estimate of $1.39, this was a shortfall of $-0.43. For the latest four quarters through September 30, E.P.S. were $4.32 versus $4.55 for the same period a year ago — a decline of -5%.
Recent Price Action
Intercontinental Exchange Inc (NYSE: ICE) stock declined by -1.8% on 11/2/23. The shares closed at $106.26. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
ICE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Intercontinental Exchange has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Intercontinental Exchange has a neutral Appreciation Score of 53 but a good Power Rating of 80, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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