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The Zacks Consensus Estimate for Market Technology revenues is pegged at $128 million, suggesting growth of 20.7% from the prior-year reported figure.Market Services segment revenues are likely to have been driven by higher organic revenue, higher equity derivatives, cash equities, trade management services revenues, and strong operating leverage on higher trading revenues.The Investment Intelligence segment is expected to have benefited from higher proprietary data revenues from new sales and a favorable foreign exchange rate impact, higher licensing revenues from an increase in average AUM in ETPs linked to Nasdaq indexes, higher licensing revenues from futures trading linked to the Nasdaq-100 Index as well as growth in eVestment platform driven by new sales, strong retention, and higher average revenue per client from expanded offerings.
Total listings grew 21.3% year over year to 5,415.The consensus estimate for listing revenues is pegged at $101 million, suggesting growth of 14.8% from the year-ago reported figure.Expenses are expected to have risen on higher organic growth, increase from the impact of acquisitions and increase from the impact of changes in foreign exchange rates.Interest expenses are likely to have increased in the fourth quarter due to higher debt balances related to the Verafin acquisition.Accelerated share repurchase is anticipated to have provided an additional boost to the bottom line.
This is because the stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 .
The Zacks Consensus Estimate for SEIC’s 2022 earnings implies a year-over-year increase of 8.3%.SEI Investments’ earnings surpassed estimates in three of the last four quarters and missed in one, the average beat being 1.8%.
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Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.