By Staff Writer
Marex Group (NASDAQ: MRX) shares rose 2.34% pre-market to $28.90 after the company projected third-quarter revenue between $475 million and $485 million, reflecting a 23% year-over-year increase at the midpoint.
The estimate is slightly above the $475.36 million consensus forecast.
Adjusted diluted EPS is expected to range between $0.92 and $0.97, compared to $0.76 a year earlier and a $0.91 consensus.
Adjusted profit before tax is projected between $96 million and $101 million, up 22% year-over-year, with an adjusted return on equity of around 27% and a profit-before-tax margin near 21%.
“This growth was achieved in a more challenging operating environment, as exchange volumes at CME and ICE were down over 15% on average in Q3 compared to Q2,” said Ian Lowitt, CEO of Marex.
The company plans to release its full Q3 results on November 6. Despite softer exchange volumes, Marex continues to demonstrate strong profitability and operational efficiency, underscoring its resilience in a mixed trading environment.
