Prosafe SE: Operational update Q1 2016

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Have you been eager to see how Intercontinental Exchange, Inc . ICE, one of the largest global stock and derivative exchange operators, performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta, GA-based company’s earnings release this morning: An Earnings Beat Intercontinental Exchange reported adjusted earnings per share of 74 cents, beating the Zacks Consensus Estimate by a penny. Results were primarily aided by strong volumes as well as solid performance at data and listings segments. Intercontinental Exchange Inc. Price and EPS Surprise Intercontinental Exchange Inc. Price and EPS Surprise | Intercontinental Exchange Inc. Quote How Was the Estimate Revision Trend? You should note that the earnings estimate for Intercontinental Exchange depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 73 cents over the last 7days. Also, Intercontinental Exchange has a decent earnings surprise history. Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.4% in the trailing four quarters. Revenues Came in Line Intercontinental Exchange’s revenues of $1.16 billion increased 0.6% year over year. Revenues were in line with the Zacks Consensus Estimate. Key Takeaways Total operating expenses increased 2.1% year over year to $582 million. Operating income slipped 0.3% to $582 million. 2017 adjusted operating expenses is estimated between $485 million and $495 million in the second quarter of 2017. What Zacks Rank Says The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Intercontinental Exchange. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank stocks here .. Check back later for our full write up on this Intercontinental Exchange earnings report later! Will You Make a Fortune on the Shift to Electric Cars? Heres another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. Its not the one you think. See This Ticker Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments
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