MarketAxess Q3 Earnings Preview: Revenue Expected to Remain Flat

MarketAxess (MKTX) will announce Q3 earnings on Friday, with analysts expecting flat revenue of $207.4 million, a slowdown from the 20% increase last year. Adjusted earnings are expected to be $1.70 per share. The company has missed revenue estimates five times over the last two years, but has reconfirmed its estimates over the last 30 days. MarketAxess is down 4.3% in the last month and has an average analyst price target of $202.67.