2016 analyst consensus

London Stock Exchange Group plc will release Preliminary results for the year ended 31 December 2016 on 3 March 2017

2016 analyst consensus
Consensus from 8 analysts
£m
Revenue   Low Average High
Capital Markets 339.8 357.8 366.8
Post Trade Services - CC&G and Monte Titoli 92.3 99.0 102.7
Post Trade Services - LCH.Clearnet 328.7 345.2 356.2
Information Services 566.1 583.7 594.6
Technology Services 77.3 80.5 83.8
Other   2.2 4.5 6.1
Total revenue 1,415.3 1,470.6 1,499.8
Net treasury income through CCP business: 91.8 117.7 127.7
Other income 6.6 12.5 16.0
Total income   1,515.5 1,600.8 1,630.4
Cost of Sales* (132.2) (156.0) (165.7)
Operating expenses* (708.7) (749.9) (766.9)
Operating expenses* (840.9) (910.4) (932.6)
Adjusted Operating profit   658.5 690.5 708.7
Adjusted Net Profit   418.7 430.4 446.7
EPS basic adjusted   120.7 123.5 126.5
Dividend for the period (p) 36.1 40.7 45.5
*Consensus from 8 analysts, of which only 5 split Operating expenses and Cost of Sales

Sources and bases:

 

The figures have been collected from eight analysts and consists of published and so far unpublished data on a consistent basis for continuing operations only (excluding Russell Investment Management) 

We have included all available broker estimates since the 2016 H1 Interim results statement (issued 4 August 2016) 

CY 2016 analyst consensus has been calculated based on the following:

  • Citi (6 January 2017) – underlying model

  • Commerzbank (19 October 2016)

  • Credit Suisse (23 January 2017) – underlying model

  • Exane BNP Paribas (30 January 2017) – underlying model

  • KBW (23 January 2017) – underlying model

  • Macquarie (10 August 2016) – underlying model

  • Morgan Stanley (26 January 2017) – underlying model

  • Numis (20 October 2016) – underlying model

 

 The following analysts have been excluded because they have not published estimates on a comparable HY basis:

  • AlphaValue (5 August 2016)

  • Morningstar (4 August 2016)

Please note that any opinions, estimates or forecasts regarding London Stock Exchange performance made by the contributing analysts to the above consensus are theirs alone and are not endorsed by the company.

 

Conference call

The Group will host a conference call of its Preliminary Results for analysts and institutional shareholders on 3rd March at 09:00am. On the call will be Xavier Rolet (CEO), David Warren (CFO) and Paul Froud (Head of Investor Relations).

To access the Telephone conference call dial 0800 694 0257 or +44 (0) 1452 555 566,  Conference ID  7561 4680