Shares of Nasdaq Inc. NDAQhit a new 52-week high of $91.94 on May 22, banking on solid April volumes as well as strong first-quarter results. With about 0.9 million shares traded in the last session, the stock closed at $91.51, gaining 0.3%.
Solid Q1 Results
Nasdaq's bottom line of $1.24 outpaced the Zacks Consensus Estimate by 5.
Shares of the company have gained 4.2% since it posted strong first-quarter results, outperforming the industry’s decline of 0.06%. This Zacks Rank #3 (Hold) global exchange company has a decent surprise history, having surpassed consensus estimates for six straight quarters, with an average beat of 4.2%. This trend of consecutive estimate beats underscores the company’s operational excellence.
