Tradeweb Markets Inc. (NASDAQ:TW) is expected to report third quarter earnings results, before market open, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.29 per share.
Looking ahead, the full year income are expected at $ 1.24 per share on the revenues of $ 868.31 million.
Previous Quarter Performance
Tradeweb Markets Inc. recorded income for the second quarter of $ 0.30 per share, from the revenue of $ 212.11 million. The quarterly earnings extended 20.00 percent while revenues up 11.35 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.29 per share from $ 212.36 million in revenue. The bottom line results beat street analysts by $ 0.01 or 3.45 percent, at the same time, top line results fell short of analysts by $ 0.25 million or 0.12 percent.
Stock Performance
Shares of Tradeweb Markets Inc. traded up $ 0.78 or 1.32 percent on Tuesday, reaching $ 59.75 with volume of 734.70 thousand shares. Tradeweb Markets Inc. has traded high as $ 60.67 and has cracked $ 58.94 on the downward trend
According to the previous trading day, closing price of $ 59.75, representing a 77.46 % increase from the 52 week low of $ 33.23 and a 14.61 % decrease over the 52 week high of $ 69.06.
The company has a market capital of $ 13.58 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Rosenblatt Securities at Buy rating, with $ 62.00 target price.
- On 14th September 2020, upgraded by Rosenblatt Securities to Buy from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.08 per share on July 30, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Tradeweb Markets Inc. will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tradeweb.com
Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. The companys marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities.
