CME Group (CME) faces moderating average daily volume trends in the near term, offset by strength in market data and information services, RBC Capital Markets said Monday in a report.

RBC expects 3Q revenue to fall 3.8% from a year earlier, compared with the Wall Street consensus for a 2.1% drop, citing softer trading volume growth and reduced market volatility. The firm's adjusted earnings estimate of $2.60 a share trails the consensus forecast of $2.66.

Market data and information service revenue is expected to gain 10%, just below the 11% consensus, RBC said.

The company is scheduled to release Q3 results on Oct. 22.

RBC maintained its sector perform rating on CME stock with a $282 price target.

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