What You Need to Know Ahead of CME Group's Earnings Release

The Chicago, Illinois-based CME Group Inc. (CME) operates contract markets for trading futures and options on futures contracts worldwide and offers a broad range of products covering major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals. With a market cap of $80.8 billion, the company is expected to announce its fiscal Q3 earnings results before the market opens on Wednesday, Oct. 23. 

Ahead of this event, analysts expect the financial company to report a profit of $2.55 per share, up 13.3% from $2.25 per share in the year-ago quarter. Moreover, the company has consistently surpassed Wall Street's earnings estimates in the last four quarters. In Q2, the company reported an EPS of $2.56, which topped the consensus estimates by nearly 2%.