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OTC Markets Group Inc (OTCM)
OTHER OTC:OTCM
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.68Last Year’s EPS
0.89Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 1.74%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted growth in OTC Link and the strategic introduction of OTC Overnight, alongside cost control and shareholder returns through dividends. However, challenges persist with declines in market data and corporate services revenues, EDGAR Online subscriber loss, and retention issues in corporate subscriptions.Company Guidance
During the OTC Markets Group third quarter 2024 earnings call, several key metrics were highlighted regarding the company's performance and strategic initiatives. Gross revenues increased by 1% compared to the third quarter of 2023, with net revenues growing by 2%. OTC Link experienced a notable 16% growth during the quarter, while market data revenue licensing and corporate services revenue saw decreases of 1% and 2%, respectively. Operating expenses remained flat, and compensation and benefits costs increased by 1% over the first nine months of the year. The company also discussed plans to launch a new market, OTCID, by July 2025, aiming to enhance issuer engagement and market quality. Additionally, a special dividend of $1.50 and a quarterly dividend of $0.18 per share were declared, reflecting the company's commitment to shareholder returns.Growth in OTC Link
OTC Link experienced growth, up 16% during the quarter, with an 8% growth over the first 9 months of the year, driven by increased trading volume.
Introduction of OTC Overnight
Launch of OTC Overnight for overnight trading of NMS securities, offering trading sessions from 8:00 p.m. to 4:00 a.m. Eastern Time, expanding market access.
Special and Quarterly Dividends Declared
Board of Directors declared a special dividend of $1.50 and a quarterly dividend of $0.18 per share, reflecting commitment to shareholder returns.
Operational Efficiency
Operating expenses were flat during the third quarter, with a 1% increase over the first 9 months of the year, indicating control over costs.
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OTCM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OTCM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $52.29 | $50.14 | -4.11% |
| Aug 07, 2024 | $46.93 | $46.33 | -1.28% |
| May 08, 2024 | $49.73 | $49.78 | +0.10% |
| Mar 06, 2024 | $54.01 | $55.12 | +2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OTC Markets Group Inc (OTCM) report earnings?
OTC Markets Group Inc (OTCM) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is OTC Markets Group Inc (OTCM) earnings time?
OTC Markets Group Inc (OTCM) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OTCM EPS forecast?
OTCM EPS forecast for the fiscal quarter 2024 (Q4) is 0.68.
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