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Wall Street Weighs In Ahead of CME Earnings
Posted: 10/30/11
By: tomgrisafi
Ahead of the CME Group’s announcement of its third quarter earnings on Tuesday, Wall Street analysts have grown exceptionally more bullish as expectations have improved since early October (from $4.53 per share to $4.64 per share currently).
The Wall Street consensus is now 26.8% higher than it was a year ago when CME reported earnings of $3.66 per share.
During the last three months, the consensus estimate has also spiked from $4.16. Analysts are expecting earnings of $17.52 for the fiscal year per share.
Revenue is projected to be 18.9% above the year-earlier total of $733.4 million at $872.3 million for the quarter. Revenue is projected be $3.36 billion for the year.
Better than two-thirds of analysts (66.7%) now rate CME as a buy.
Source: Forbes
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