Intercontinental Exchange Inc (NYSE: ICE) has reported E.P.S. of $1.34 for its first fiscal quarter (ending March 31) versus $1.17 for the same period a year ago — an increase of 15%. However, this result fell short of the consensus estimate of $1.65 by $-0.31. For the latest four quarters through March 31, E.P.S. were $4.38 versus $2.58 for the same period a year ago — an increase of 70%.
Recent Price Action
Intercontinental Exchange Inc (NYSE: ICE) stock closed at $126.54 on 5/2/24 after a modest decline of -1.7%. Moreover, unusually high trading volume at 180% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -4.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ICE is expected to continue to be an important Value Builder.
Intercontinental Exchange has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Intercontinental Exchange has a neutral Appreciation Score of 58 but a good Power Rating of 84, 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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