Alert: New Earnings Report (7/31/20)-Cboe Global Markets Inc (BATS: CBOE).

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Cboe Global Markets Inc (BATS: CBOE) has reported earnings for its second fiscal quarter (ending June 30) of $1.04 versus $0.79 for the same period a year ago — an increase of 32%. However, this result fell short of the consensus estimate of $1.24 by $-0.20. For the latest four quarters through June 30, E.P.S. were $4.19 versus $3.61 for the same period a year ago — an increase of 16%.

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Recent Price Action

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Cboe Global Markets Inc (BATS: CBOE) stock rose modestly by 0.9% on 7/31/20. The stock closed at $87.70. Moreover, trading volume in this advance was above average at 141% of normal. The stock has declined -3.8% during the last week and has been weak relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CBOE is expected to continue to be a modest Value Builder.

Cboe Global Markets has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cboe Global Markets has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 57, with the Neutral Value Trend Rating the result.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

About John Lafferty 91533 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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