Nasdaq (NDAQ) Q4 2022 Earnings: What to Expect

Nasdaq (NDAQ), which is home to some of the biggest names in tech, is set to report fourth quarter fiscal 2022 earnings results before the opening bell Wednesday. Investors want to know if the company can keep its streak of earnings beats alive, which currently spans the past six quarters. Nasdaq hasn't just beat its earnings -- it has done so by close to 6% above consensus.

The stock price has reflected the companys strong execution. The shares have risen more than 10% in the past six months, besting the 1% rise in the S&P 500 index. Just as impressive, over the past twelve months, the shares are up modestly by 3.4%, while the S&P 500 index has declined more than 11%. For investors who have waited to enter a position, this could still be a buying opportunity, given the momentum the company is enjoying in two of its main business segments: Market Technology and Investment Intelligence.

All told, the company is benefiting from strong business model with increasing margins that feature not only high growth rates, but also strong free cash flow and a decent dividend yield. Driven by its leadership position in trading technology and stock exchanges, Nasdaq's revenues have risen impressively over the past decade, thanks not only from new listings, re-listings, but also strong trading volume.