Overview
Market operator's Q4 net revenue rosw
Company announced quarterly dividend and refreshed stock repurchase program
Result Drivers
OTCID LAUNCH - The launch of OTCID contributed to significant revenue growth in Corporate Services, with a 55% increase in revenues from OTCID and Pink Limited subscribers
TRADING VOLUME - Increased trading volume on OTC Link platforms boosted transaction-based revenues by 12%
PRICE INCREASES - Market Data Licensing revenues rose 17% due to price increases and subscriber growth
Company press release: ID:nGNXZL0bw
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $31.74 mln | $31.89 mln (1 Analyst) |
Q4 Adjusted EPS | Beat | $1.14 | $0.72 (1 Analyst) |
Q4 Net Income | $9.24 mln | ||
Q4 Income from Operations | $11.52 mln | ||
Q4 Operating Margin | 36.30% | ||
Q4 Pretax Profit | $11.84 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
Wall Street's median 12-month price target for OTC Markets Group Inc is $65.00, about 24.9% above its March 3 closing price of $52.02
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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