MarketAxess Holdings Inc (NASDAQ: MKTX) has reported earnings for its first fiscal quarter (ending March 31) of $1.92 versus $1.96 for the same period a year ago — a decline of -2%. This result fell short of the consensus estimate of $2.15 by $-0.23. For the latest four quarters through March 31, E.P.S. were $6.84 versus $6.90 for the same period a year ago — a decline of -1%.
Recent Price Action
MarketAxess Holdings Inc (NASDAQ: MKTX) stock declined by -2.4% on 5/7/24. The shares closed at $200.89. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -1.6% during the last week.
Current PriceTarget Research Rating
MKTX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MarketAxess Holdings has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. MarketAxess Holdings has a slightly negative Power Rating of 35 and a poor Appreciation Score of 22, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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