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Barchart
Barchart
Aditya Sarawgi

What You Need to Know Ahead of MarketAxess Holdings’ Earnings Release

Valued at $8.4 billion by market cap, New York-based MarketAxess Holdings Inc. (MKTX) operates an electronic trading platform for institutional investors and broker-dealer companies worldwide. It focuses on expanding liquidity opportunities, improving execution quality and cost savings across global fixed-income markets.

MarketAxess is set to announce its Q1 results before the markets open on Wednesday, May 7. Ahead of the event, analysts expect MKTX to report a non-GAAP profit of $1.82 per share, down 5.2% from $1.92 per share reported in the year-ago quarter. On a positive note, the company has surpassed Wall Street’s bottom-line estimates in each of the past four quarters.

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