Broadridge Financial Solutions Inc reports results for the quarter ended in September 30 - Earnings Summary

Broadridge Financial Solutions

06/11/2024 05:04

* Broadridge Financial Solutions Inc  BR.N  reported
quarterly
adjusted earnings of $1.00​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.09.  The mean expectation of
six analysts for the quarter was for earnings of 97 cents per
share. Wall Street expected results to range from 91 cents
to $1.05 per share.
    * Revenue fell 0.6% to $1.42 billion from a year ago;
analysts
expected $1.48 billion. 
    * Broadridge Financial Solutions Inc's reported EPS for the
quarter was 68 cents​.
    * The company reported quarterly net income of $79.8
million.
    * Broadridge Financial Solutions Inc shares had risen
by 1.5% this
quarter and gained 6.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% 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 220.50 
This summary was machine generated from LSEG data November 6 at
05:04 a.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
 Sep. 30 2024      0.97           1.00           Beat
 Jun. 30 2024      3.49           3.50           Beat
 Mar. 31 2024      2.24           2.23           Missed
 Dec. 31 2023      0.89           0.92           Beat