Last week, you might have seen that MarketAxess Holdings Inc. (NASDAQ:MKTX) released its quarterly result to the market. The early response was not positive, with shares down 2.9% to US$153 in the past week. Results were roughly in line with estimates, with revenues of US$233m and statutory earnings per share of US$2.20. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Following the latest results, MarketAxess Holdings' twelve analysts are now forecasting revenues of US$906.5m in 2026. This would be a reasonable 4.1% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to decrease 6.0% to US$8.18 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$913.0m and earnings per share (EPS) of US$8.22 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$190. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on MarketAxess Holdings, with the most bullish analyst valuing it at US$250 and the most bearish at US$172 per share. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of MarketAxess Holdings'historical trends, as the 5.5% annualised revenue growth to the end of 2026 is roughly in line with the 4.7% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 5.5% per year. So although MarketAxess Holdings is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$190, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple MarketAxess Holdings analysts - going out to 2028, and you can see them free on our platform here.

You can also see our analysis of MarketAxess Holdings' Board and CEO remuneration and experience, and whether company insiders have been buying stock.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.