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

Broadridge Financial Solutions

06/08/2024 14:52

* Broadridge Financial Solutions Inc  BR.N  reported
quarterly
adjusted earnings of $3.50​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of $3.21.  The mean expectation of six analysts for
the quarter was for earnings of $3.49 per share. Wall Street
expected results to range from $3.44  to $3.52 per share.
    * Revenue rose 5.7% to $1.94 billion from a year ago;
analysts
expected $1.96 billion. 
    * Broadridge Financial Solutions Inc's reported EPS for the
quarter was $2.72​.
    * The company reported quarterly net income of $323.2
million.
    * Broadridge Financial Solutions Inc shares had risen
by 5.8% this
quarter and gained 1.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
information services peer group is also "hold"

Wall Street's median 12-month price target for Broadridge
Financial Solutions Inc is $207.82 
This summary was machine generated from LSEG data August 6 at
01:51 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
 Jun. 30 2024      3.49           3.50           Beat
 Mar. 31 2024      2.24           2.23           Missed
 Dec. 31 2023      0.89           0.92           Beat
 Sep. 30 2023      0.97           1.09           Beat