DailyIQ
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Sector:Financial ServicesAll sectors
Last updated 8 minutes ago

ICE·Intercontinental Exchange, Inc.

$.
+. (+.%)
After Hours
High
$136.49
Open
$136.25
Market Cap
76.49B
52W High
$189.35
Low
$134.17
P. Close
$135.26
P/E
19.46
52W Low
$121.79
Fwd P/E
15.43
DailyIQ Est.
$196.15
Technical Score (1D)
50
NEUTRAL
News Sentiment
48
MIXED
Morgan Stanley cut ICE’s price target to $163 from $187, citing a less favorable earnings outlook, which signals a downgrade in profitability expectations and could dampen investor enthusiasm; traders should watch the upcoming earnings release for any surprises. Barclays followed suit 20 hours earlier, trimming its target to $180 from $201 amid concerns over earnings growth and market positioning, reinforcing the consensus that ICE’s valuation may be overestimated. The two downgrades reflect a broader sentiment that ICE’s fee income and trading volumes may not grow as robustly as previously projected, potentially leading to a temporary decline in trading activity. Analysts still project high single‑digit EPS growth for the upcoming Q2 report, suggesting that ICE’s core trading and clearing services could perform solidly, which may offset some of the negative sentiment. However, if the actual earnings miss guidance, the market could react sharply, as the exchange’s valuation is closely tied to its fee‑based revenue streams. In the next 1–10 trading days, traders should monitor the earnings announcement for any deviations from the high single‑digit growth forecast, as this will be the primary driver of ICE’s short‑term price action. Regulatory developments that could impact ICE’s operations, such as changes to clearing requirements or market structure rules, also warrant close attention, as they could alter the exchange’s fee income base. Market participants should also watch for shifts in trading volumes, which can serve as an early indicator of investor sentiment and the exchange’s operational performance. Finally, any significant change in ICE’s earnings outlook or regulatory environment will likely influence the broader market’s perception of exchange operators, affecting not only ICE but peers in the industry.
Earnings Summary
Intercontinental Exchange (ICE) is a technology and data provider serving global financial markets, focusing on regulated marketplaces, fixed‑income services, and mortgage technology. The company operates exchanges that facilitate trading, clearing, and data distribution for derivatives and securities, and offers pricing, analytics, and execution services for credit default swaps and mortgage technology. As a key player in the financial data and stock exchanges sector, ICE’s fee‑based model is closely tied to trading volumes and market structure changes. In the most recent quarters, ICE posted EPS of $2.35 in Q1 2026 versus $1.71 in Q4 2025, a 37 % YoY increase, and revenue of $2.977 billion versus $2.504 billion, an 18.7 % rise. Compared to Q3 2025 (EPS $1.71, revenue $2.411 billion) and Q2 2025 (EPS $1.81, revenue $2.543 billion), the company accelerated both earnings and top line, reversing the slight revenue dip seen in Q3 2025. ICE has consistently beat consensus estimates in every quarter reported, with EPS exceeding guidance by $0.03–$0.53 and revenue surpassing expectations in all six quarters with data. Over the past year, ICE’s YoY growth trajectory has remained positive, with EPS rising 12.5 % from Q4 2024 to Q4 2025 and 36.6 % from Q1 2025 to Q1 2026, while revenue grew 7.9 % and 20.4 % respectively. The pattern of beating estimates persists, though revenue has shown some volatility, notably a 5.1 % decline in Q3 2025 relative to Q2 2025, suggesting sensitivity to market‑volume swings. Recent news highlights include Morgan Stanley and Barclays downgrades citing concerns over earnings growth, the launch of GPU compute futures with NATIVX, and ICE’s assumption of LBMA platinum and palladium benchmark administration. These developments could broaden fee income streams but may also introduce new regulatory and liquidity dynamics that could influence short‑term performance. Investors should watch for the Q2 2026 earnings release, particularly EPS guidance and revenue growth, as well as early trading data on the new GPU compute and metal benchmark products; key will be the pace of adoption and any regulatory commentary that could affect fee structures.

EPS

EstBeatMiss
$1.50$1.74$1.98$2.22$2.46Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.89 - -
Q1'26$1.98$2.35+18.5%
Q4'25$1.69$1.71+1.2%
Q3'25$1.61$1.71+6.4%
Q2'25$1.77$1.81+2.3%
Q1'25$1.70$1.72+1.0%

Revenue

EstBeatMiss
$2.3B$2.5B$2.7B$2.9B$3.1BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$2.7B - -
Q1'26$2.7B$3.0B+9.8%
Q4'25$2.5B$2.5B+0.1%
Q3'25 - $2.4B -
Q2'25 - $2.5B -
Q1'25 - $2.5B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

ICE Stock Snapshot

ICE is currently trading at $135.26, giving Intercontinental Exchange, Inc. a market cap of 76.49B and a P/E ratio of 19.5. Today's range spans $134.17–$136.49, with shares opening at $136.25 and moving up $0.00 (0.0%) from the prior close. DailyIQ's technical score sits at 50/100 (HOLD) with a news sentiment reading of 48/100.

Over the past year ICE has traded between $121.79 and $189.35 - the current price is +11.1% off the 52-week low and -28.6% from the high. 23 analysts cover the stock with a Buy consensus and a mean 12-month target of $186.87 (range $159.00–$240.00), implying upside of +38.2%.

Neither bulls nor bears have the upper hand on Intercontinental Exchange, Inc. (ICE) right now. Score: 50/100 (HOLD). Sentiment: neutral (48/100). Price: $135.26 (in the lower half of its 52-week range). (P/E: 19.5) At 76.49B in Financial Services market cap, the 52-week range of $121.79–$189.35 is the relevant frame - where the stock sits within that range, and whether volume confirms any directional move, matters more than the HOLD label alone.

The 52-week range of $121.79–$189.35 for ICE provides the structural reference that options traders, systematic funds, and discretionary managers all anchor to — and at $135.26 (in the lower half of its 52-week range), the stock sits in a zone where the next 5–10% move will likely define which crowd was right. A HOLD signal at 50/100 and neutral news backdrop (48/100) don't break the tie yet, but they narrow the probability distribution toward the upside.