On July 30, Tradeweb Markets Inc. fell 9.46% in regular trading, trading at $95.47/share, with turnover of $1.48 billion. The decline was driven by the company's Q2 earnings report released pre-market, in which revenue fell short of Wall Street expectations.
The report showed Q2 adjusted EPS of $0.97, beating the consensus estimate of $0.95 by 2.11%, representing an 11.49% year-over-year increase. However, revenue came in at $558.9 million, missing the analyst estimate of $562.4 million. More notably, revenue declined approximately 9.5% sequentially from Q1's $617.8 million. CEO Billy Hult attributed the softness to more normalized market volatility compared to the first quarter.
Despite June average daily volume rising 29.5% year-over-year to $3.2 trillion, revenue growth failed to keep pace with volume expansion, raising market concerns about fee rate pricing power and further intensifying selling pressure. Prior to the report, Goldman Sachs had upgraded the stock to Buy with a $146 target, and UBS maintained Buy with a $150 target.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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