CME Earnings Preview: Robust Trade Volumes To Drive Revenues In Q1
CME Group (NASDAQ:CME) is scheduled to announce its first quarter fiscal 2016 earnings on Thursday, April 28. The exchange operator started the year on a good note, with daily trade volumes up 13% year on year to 17 million contracts per day, primarily due to a rise in average daily volumes (ADVs) of equities (+28% y-o-y), metals (+23%) and energy (+18% y-o-y). Moreover, the company also implemented a transaction fee increase across all six product lines at the beginning of January. Consequently, we expect transaction-based revenues to increase in the quarter. In terms of non-transaction businesses, the growth is expected to be lukewarm due to changes in the pricing structure, which will likely reduce the company’s market data subscriber count.
Have more questions about CME? See the links below:
- CME Group Sees Growth In All Asset Classes In February
- What’s CME’s Revenue And EBITDA Breakdown In Terms Of Operating Segments?
- How Has CME’s Revenue Composition Changed Over The Past 5 Years?
- How Has CME’s Revenue & EBITDA Changed In The Last Five Years?
- How Is CME Expected To Grow In The Next Five Years?
- What Is CME’s Fundamental Value Based On Expected 2016 Results?
- What Drove CME’s Revenue And EBITDA Growth In 2015?
- How Important Is Interest Rate Contracts’ Trading Revenue For CME?
- What Percentage Of CME’s Value Comes From Energy Contracts’ Trading Revenues?
- How Much Upside Can An Increase In Rate Per Commodity Contract Drive For CME’s Stock?
- What Can Drive A 15% Downside To CME’s Stock In The Next 2 Years?
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