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Commodities Briefing - Categorized | Commodities Exchanges, Market Moves more

CME owners bracing for earnings

Posted on 30 October 2008

From 247wallst.com: CME Group Inc. is set to report earnings after the close of trading today. The futures and commodities exchange giant estimates (from First Call) are $3.98 EPS and $644.3 million in revenues. Exchanges and financial companies do not offer guidance, but next quarter estimates are $4.02 EPS and almost $712 million in revenues.

If the exchange hits its targets from now until the end of the year, the company’s stock has a forward P/E of roughly 16.0. We would point out that estimates have come down with the markets over the last quarter. …. Full Article: Source


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