Broadridge Financial Solutions Inc reports results for the quarter ended in December - Earnings Summary

Broadridge Financial Solutions

01/02/2024 14:34

* Broadridge Financial Solutions Inc  BR.N  reported
quarterly
adjusted earnings of 92 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 91 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 89 cents per
share. Wall Street expected results to range from 84 cents to 98
cents per share.
    * Revenue rose 8.7% to $1.41 billion from a year ago;
analysts
expected $1.40 billion. 
    * Broadridge Financial Solutions Inc's reported EPS for the
quarter was 59 cents​.
    * The company reported quarterly net income of $70.3
million.
    * Broadridge Financial Solutions Inc shares had fallen
by 0.8%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Broadridge
Financial Solutions Inc is $198.00 

This summary was machine generated from LSEG data February 1 at
02:33 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.89           0.92           Beat
 Sep. 30 2023      0.97           1.09           Beat
 Jun. 30 2023      3.11           3.21           Beat
 Mar. 31 2023      2.02           2.05           Beat