Zacks Research Issues Positive Outlook for Nasdaq Earnings

Key Points

• Zacks Research has raised its Q3 2025 earnings per share (EPS) estimate for Nasdaq, projecting earnings of $0.79, an increase from the previous estimate of $0.76.
• Nasdaq reported $1.31 billion in revenue for its last quarter, exceeding expectations and showing a year-over-year growth of 12.7% with an EPS of $0.85.
• Multiple brokerages have increased their price targets for Nasdaq's stock, with Deutsche Bank raising it from $97.00 to $105.00 and UBS upgrading its rating from "neutral" to "buy."

Nasdaq, Inc. (NASDAQ:NDAQ - Free Report) - Stock analysts at Zacks Research lifted their Q3 2025 EPS estimates for Nasdaq in a report released on Thursday, August 14th. Zacks Research analyst T. De now forecasts that the financial services provider will post earnings per share of $0.79 for the quarter, up from their previous estimate of $0.76. The consensus estimate for Nasdaq's current full-year earnings is $3.18 per share. Zacks Research also issued estimates for Nasdaq's FY2025 earnings at $3.26 EPS, Q1 2026 earnings at $0.89 EPS, Q2 2026 earnings at $0.91 EPS, FY2026 earnings at $3.59 EPS, Q1 2027 earnings at $0.94 EPS, Q2 2027 earnings at $1.00 EPS and FY2027 earnings at $3.91 EPS.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.07. Nasdaq had a net margin of 18.59% and a return on equity of 15.90%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm earned $0.69 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis.

A number of other brokerages have also recently issued reports on NDAQ. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Nasdaq from $97.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Keefe, Bruyette & Woods increased their price objective on shares of Nasdaq from $103.00 to $104.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Oppenheimer reissued an "outperform" rating and issued a $101.00 price objective (up from $96.00) on shares of Nasdaq in a research note on Tuesday, July 15th. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $95.00 to $115.00 in a research note on Friday, July 25th. Finally, Citigroup reissued a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $97.06.

Nasdaq Stock Performance

Shares of NASDAQ NDAQ opened at $94.68 on Monday. The firm has a fifty day moving average price of $90.82 and a 200-day moving average price of $82.38. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $54.33 billion, a PE ratio of 36.42, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00. Nasdaq has a 1 year low of $64.84 and a 1 year high of $97.63.

Hedge Funds Weigh In On Nasdaq

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Evergreen Capital Management LLC lifted its holdings in shares of Nasdaq by 14.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,568 shares of the financial services provider's stock worth $408,000 after acquiring an additional 564 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Nasdaq by 7.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 1,653,510 shares of the financial services provider's stock worth $148,075,000 after acquiring an additional 115,985 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Nasdaq in the 2nd quarter worth about $109,000. Captrust Financial Advisors lifted its holdings in shares of Nasdaq by 48.8% in the 2nd quarter. Captrust Financial Advisors now owns 25,980 shares of the financial services provider's stock worth $2,323,000 after acquiring an additional 8,525 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Nasdaq by 11.2% in the 2nd quarter. Vident Advisory LLC now owns 11,638 shares of the financial services provider's stock worth $1,041,000 after acquiring an additional 1,169 shares during the last quarter. 72.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 2,105 shares of Nasdaq stock in a transaction on Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the completion of the transaction, the executive vice president directly owned 92,551 shares of the company's stock, valued at $8,837,694.99. This trade represents a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradley J. Peterson sold 11,508 shares of Nasdaq stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $88.87, for a total transaction of $1,022,715.96. Following the completion of the transaction, the executive vice president directly owned 111,035 shares of the company's stock, valued at $9,867,680.45. The trade was a 9.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,409 shares of company stock valued at $2,887,839. Corporate insiders own 0.70% of the company's stock.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is presently 41.54%.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.

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