Published on 3 May 2024 on Zacks via Yahoo Finance
How Should You Play MarketAxess (MKTX) Ahead of Q1 Earnings?
With MarketAxess Holdings Inc. MKTX set to unveil its first-quarter 2024 earnings on May 7, before the market opens, investors are assessing both the potential opportunities and risks associated with the company. Despite its expanding product portfolio, overall trading volume, strategic acquisitions and partnerships and financial resilience, it comes with its set of uncertainties.
What Are the Uncertainties?
Its shares have lost 28.6% in the year-to-date period, while the industry fell 0.3% and the S&P 500 Index jumped 5.7%. Several reasons can be pointed out for the stock’s underperformance. Ongoing investments in various areas, including the trading platform, new protocols, infrastructure and additional headcount, continue to boost its expenses, affecting its profit margins.