Intercontinental Exchange Inc
ICE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$229.00 | Gjp | Jmpmxftjxv |
Intercontinental Exchange Earnings: Strong Energy Futures Revenue Offsets Ongoing Mortgage Weakness
Wide-moat-rated Intercontinental Exchange reported solid second-quarter earnings, as continued strength in futures trading drove results higher. Net revenue increased 23%, or 7% pro forma for the acquisition of Black Knight, to $2.3 billion. Adjusted diluted EPS grew 6% to $1.52. As we incorporate these results, we do not plan to materially alter our $140 per share fair value estimate.