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Globe and Mail
11 minutes ago
- Globe and Mail
Will Strong Credit Trading Volume Aid MarketAxess in Q2 Earnings?
MarketAxess Holdings Inc. MKTX is scheduled to release second-quarter 2025 results on Aug. 6, before the opening bell. The Zacks Consensus Estimate for earnings is pegged at $1.94 per share, which indicates an improvement of 12.8% from the prior-year quarter's number. The second-quarter earnings estimate has witnessed four upward estimate revisions against three downward movements over the past 30 days. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $218 million, implying 10.1% growth from the year-ago quarter's figure. MKTX's Earnings Surprise History MarketAxess' bottom line beat estimates in each of the trailing four quarters, the average surprise being 2.67%. This is depicted in the chart below: MarketAxess Holdings Inc. Price and EPS Surprise MarketAxess Holdings Inc. price-eps-surprise | MarketAxess Holdings Inc. Quote What Our Quantitative Model Unveils for MarketAxess Our proven model predicts an earnings beat for MarketAxess this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here. Earnings ESP: MarketAxess has an Earnings ESP of +0.95% because the Most Accurate Estimate of $1.96 per share is pegged higher than the Zacks Consensus Estimate of $1.94. You can uncover the best stocks before they're reported with our Earnings ESP Filter. Zacks Rank: MKTX currently carries a Zacks Rank of 3. Factors Likely to Shape MKTX's Q2 Results Higher trading volumes and robust market share gains across most of MKTX's credit product lines are expected to have driven credit commission revenues for the second quarter. However, the upside is likely to have been partially offset by a reduction in average variable transaction fees. We expect credit commission revenues to be $138.4 million in the to-be-reported quarter, which indicates an improvement of 8.4% year over year. Our estimate for the total credit volume indicates a 10% year-over-year increase. Solid trading volumes in the international business, coupled with higher revenues from MarketAxess' new product areas like emerging markets, municipals and U.S. government bonds, are expected to have contributed to its overall commission growth in the second quarter. The Zacks Consensus Estimate for commissions is pegged at $189 million, indicating 9.9% growth from the prior-year quarter's reported number. We expect it to grow 7.6% year over year. The consensus estimate for second-quarter total trading volume is pegged at 2.9 million, indicating 33.3% growth from the prior-year quarter's reported figure. Our estimate is 2.5 million . Increased utilization of its data product suite and new contracts is likely to have provided an impetus for information services revenues, one of MKTX's revenue components, in the to-be-reported quarter. The consensus mark for information services revenues is pinned at $13.4 million, which implies a 6.5% rise from the year-ago quarter's reported figure. We project it to be $13 million, up 3.5% year over year. However, MKTX's margins are likely to have been hurt by an increase in operating expenses, resulting from continuous investments to upgrade trading and data capabilities. We forecast total expenses to be $125.7 million in the second quarter, indicating an increase of 8.1% year over year. Other Stocks to Consider Here are some other companies from the Finance space, which according to our model, have the right combination of elements to beat on earnings this time around: Pagaya Technologies Ltd. PGY has an Earnings ESP of +2.19% and a Zacks Rank of 1 at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for PGY's second-quarter earnings is pegged at 69 cents per share, which indicates a nearly seven-fold increase from the prior-year quarter. Pagaya Technologies' earnings beat estimates in two of the trailing four quarters and missed the mark twice, the average surprise being 12.91%. StepStone Group Inc. STEP currently has an Earnings ESP of +7.63% and a Zacks Rank of 3. The Zacks Consensus Estimate for STEP's second-quarter earnings is pegged at 44 cents per share, which implies a 8.3% decline from the year-ago quarter's figure. StepStone's earnings beat estimates in three of the trailing four quarters and matched the mark once, the average surprise being 20.86%. Americold Realty Trust, Inc. COLD has an Earnings ESP of +0.74% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for COLD's second-quarter earnings is pegged at 34 cents per share, which implies a 10.5% decrease from the year-ago quarter's figure. Americold Realty's earnings beat estimates in two of the trailing four quarters, matched the mark once and missed the same in the remaining one occasion, the average surprise being 3.79% Zacks Names #1 Semiconductor Stock This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MarketAxess Holdings Inc. (MKTX): Free Stock Analysis Report Americold Realty Trust Inc. (COLD): Free Stock Analysis Report StepStone Group Inc. (STEP): Free Stock Analysis Report Pagaya Technologies Ltd. (PGY): Free Stock Analysis Report
Globe and Mail
21 minutes ago
- Globe and Mail
TX Rail Products, Inc. Reports Financial Results for Third Quarter of Fiscal 2025
ASHLAND, Ky., Aug. 04, 2025 (GLOBE NEWSWIRE) -- TX Rail Products, Inc. (OTC Markets PINK: TXRP), a supplier of rail and rail products to the U.S. coal mining industry, short line railroads and tunneling contractors, today announced financial results for the third quarter of fiscal year 2025. Mr. Shrewsbury, CEO and Chairman of TX Rail Products, Inc., commented, 'We continued to make solid progress in the third quarter, delivering year-over-year revenue growth and maintaining consistent gross margins, while investing in inventory to support anticipated demand. We are encouraged by the broader market signals and a resurgence in customer activity. We are seeing a release of pent-up demand as recent tariff concerns have begun to ease, providing a clearer runway for customer purchasing decisions. With inventory levels positioned to support this rising demand, we remain confident in the outlook for our business.' Third Quarter Fiscal Year 2025 Financial Summary Revenue for the third fiscal quarter ended June 30, 2025, was $1.9 million as compared to $1.8 million for the same period in the prior year, an increase of 4.9%. Cost of goods sold was $1.3 million as compared to $1.2 million for the same period in the prior year, an increase of 4.9%. Gross margin for the third fiscal quarter ended June 30, 2025, was 29.8%, consistent with the same period last year. Operating expenses for the third fiscal quarter ended June 30, 2025, were $266,000 as compared to $222,000 for the three months ended June 30, 2024, an increase of 20.0%. Other income for the third fiscal quarter ended June 30, 2025, was $11,700 as compared to other expense of ($2,200) in the same quarter the prior year. Net income for the current third fiscal quarter was $297,000, compared to $302,000 in the third quarter of fiscal year 2024, representing a decrease of 1.5%. On June 30,2025, cash and cash equivalents were $41,000 compared to $114,000 as of September 30, 2024. Net cash used by operating activities was $622,000 for the nine months ended June 30, 2025. Net cash used in investing activities was $0 for the first nine months of fiscal 2025 compared to $31,000 for the first nine months of the prior fiscal year. Net cash provided by financing activities for the first nine months of fiscal year 2025 was $549,000 as compared to $31,000 for the same period the prior fiscal year. Accounts receivable was $949,000 as of June 30, 2025, as compared to $641,000 as of September 30, 2024, an increase of 48.1%. Inventory was $5.5 million as of June 30, 2025, an increase of 92.9% as compared to $2.8 million as of September 30, 2024. The increase in inventory is the result of our anticipation for the increase of future sales. Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, statements contained in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA) and other applicable law. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements are based on the Company's current assumptions regarding future business and financial performance. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the following: our ability to implement our business strategy; our financial strategy; a downturn in economic environment; our failure to meet growth and productivity objectives; a failure of our innovation initiatives; risks from investing in growth opportunities; fluctuations in financial results and purchases; the impact of local legal, economic, political and health conditions; adverse effects from environmental matters and tax matters; ineffective internal controls; our use of accounting estimates; our ability to attract and retain key personnel and our reliance on critical skills; impact of relationships with critical suppliers; currency fluctuations and customer financing risks; the impact of changes in market liquidity conditions and customer credit risk on receivables; our reliance on third party distribution channels; Securities and Exchange Commission regulations related to trading in "penny stocks;" the continued availability of certain financing provided by our CEO; and other risks, uncertainties and factors or in materials incorporated therein by reference. Any forward-looking statement in this release speaks only as of the date on which it is made. We assume no obligation to update or revise any forward-looking statement. Notwithstanding the above, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1933, as amended, expressly state that the safe harbor for forward looking statements does not apply to companies that issue penny stocks. Because we may from time to time be considered to be an issuer of penny stock, the safe harbor for forward looking statements under the PSLRA may not be applied to us at certain times. Contacts Investor Relations: Brett Maas Hayden IR txrp@ 646-536-7331 William 'Buck' Shrewsbury Chairman and CEO TX Rail Products, Inc. (606) 928-3131
CTV News
40 minutes ago
- CTV News
A look at results from the 2025 Ironman Canada-Ottawa event and how to register for 2026
Sunday's Ironman Canada-Ottawa triathlon brought thousands of people to the nation's capital, including more than 2,000 competitors. 'Congratulations to all of our amazing athletes and a very special thank you to all our volunteers,' Ironman organizers said Monday. Full results for all athletes can be found on the Ironman website. Expand Autoplay 1 of 11 Ironman Ottawa Ironman Canada-Ottawa participants race on bicycles. Aug. 3, 2025. (Katelyn Wilson/CTV News Ottawa) Ironman Ottawa Ironman Canada-Ottawa participants at Britannia Beach in Ottawa. Aug. 3, 2025. (Katelyn Wilson/CTV News Ottawa) Ironman Ottawa Ironman Canada-Ottawa participants at Britannia Beach in Ottawa. Aug. 3, 2025. (Katelyn Wilson/CTV News Ottawa) Graeme Barber Graeme Barber , 82, is participating in the Ironman Canada-Ottawa event. This is his 10th Ironman, his family says. Aug. 3, 2025. (Katelyn Wilson/CTV News Ottawa) Ironman Ottawa Participants in the Ironman triathlon in Ottawa bike down Mackenzie Avenue as spectators cheer them on. Aug. 3, 2025. (Ted Raymond/CTV News Ottawa) Ironman Ottawa Ironman Canada-Ottawa participants bike down Wellington Street near Parliament. Aug. 3, 2025. (Josh Pringle/CTV News Ottawa) Ironman Ottawa A runner is pictured near the Ironman Village at Confederation Park in Ottawa. Aug. 3, 2025. (Josh Pringle/CTV News Ottawa) Ironman Ottawa Ironman Canada-Ottawa participants ride by supporters on Colonel By Drive. Aug. 3, 2025. (Josh Pring Ottawa Ironman A cyclist in the Ironman Canada-Ottawa event rides past Parliament. Aug. 3, 2025. (Josh Pringle/CTV News Ottawa) Ottawa Ironman Cyclists in the Ironman Canada-Ottawa event ride past Parliament. Aug. 3, 2025. (Josh Pringle/CTV News Ottawa) Luke Evans Ottawa Ironman Luke Evans crosses the finish line at the Ironman Canada-Ottawa event. Aug. 3, 2025. (Katelyn Wilson/CTV News Ottawa) Many people taking on the challenge spoke with CTV News Ottawa in advance of the race. Here's how they performed. A group of childhood best friends from Ottawa decided to take on the Ironman challenge with a mission to raise money for cancer research. Tyler Booth's mom Carole Rocheleau died of lung and liver cancer earlier this year. He and his friends ran the Ironman to raise money for the Canadian Cancer Society in her honour, bringing in more than $22,000. Here are the times for Booth and his five friends. Tyler Booth – 11:37:43 Olan Bradford – 11:32:36 Kieran Graham – 11:39:33 Matthew O'Neill – 11:09:40 Jacob Price – 12:53:25 Samuel Smith – 13:11:10 A group of family and friends took part in the Ironman on Sunday in memory of Sindy Hooper, an Ottawa woman who raised more than $500,000 for cancer research at the Ottawa Hospital. Hooper's husband, Jonathan Hooper, their son Chris Dobson, and friends Mary Bellefeuille and Alexandra McCabe (registered as Alexandra da Costa) spoke to CTV News Ottawa about Sindy's legacy. Here's how they performed. Jonathan Hooper – 13:05:01 Chris Dobson – 14:37:22 Mary Bellefeuille – 16:22:43 Alexandra da Costa – 14:40:09 Angela Hubber travelled from Burlington to compete in her third Ironman. She finished with a time of 15:24:33. Jay Wilgar and Carolyn Park also travelled to Ottawa to take part in the event. Wilgar finished with a time of 12:08:59 while Park finished with a time of 12:08:48. On race day, CTV News Ottawa spoke to the family of Graeme Barber who, at 82, was the oldest participant taking part in Sunday's event. This was Barber's 10th Ironman race, according to his daughter. Unfortunately, Barber did not finish but completed the swim portion in 1:55:12 and the bike portion in 8:32:19. The Ironman Tracker app says he ran 17.9 kilometres in the marathon portion. Ottawa City Councillor Theresa Kavanagh competed Sunday, finishing with a time of 15:52:24. Top finishers The top man and woman to run Sunday's Ironman were Luke Evans, a Carleton University graduate, who finished first overall with a time of 8:40:22, and Aliisa Heiskanen, of Gatineau, who finished first among women with a time of 9:32:41. Registration open for 2026 Ironman Canada-Ottawa Athletes can now register for next year's Ottawa Ironman. The even is scheduled to take place Aug. 2, 2026. Priority registration is open until Wednesday at 11:59 p.m. 'Don't forget…2025 sold out in just three months last year,' said organizers. Details can be found here.
