Nasdaq Inc (NASDAQ: NDAQ) has reported E.P.S. of $0.39 for its second fiscal quarter (ending June 30) versus $0.54 for the same period a year ago — a decline of -28%. Relative to the consensus estimate of $0.64, this was a shortfall of $-0.25. E.P.S. were $1.75 for the latest four quarters through June 30 versus $2.25 for the same period a year ago — a decline of -22%.
Recent Price Action
On 7/25/24, Nasdaq Inc (NASDAQ: NDAQ) stock enjoyed a very large increase of 7.2%, closing at $67.26. Moreover, exceptionally high trading volume at 324% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
NDAQ is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Nasdaq 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. Nasdaq has a neutral Appreciation Score of 56 but a good Power Rating of 75, triggering 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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