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

Broadridge Financial Solutions

02/11/2023 14:15

* Broadridge Financial Solutions Inc  BR.N  reported
quarterly
adjusted earnings of $1.09​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 97 cents per
share. Wall Street expected results to range from 88 cents
to $1.00 per share.
    * Revenue rose 11.5% to $1.43 billion from a year ago;
analysts
expected $1.39 billion. 
    * Broadridge Financial Solutions Inc's reported EPS for the
quarter was 76 cents​.
    * The company reported quarterly net income of $90.9
million.
    * Broadridge Financial Solutions Inc shares had fallen
by 4.8%
this quarter and gained 27.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
information services peer group is  "hold."

Wall Street's median 12-month price target for Broadridge
Financial Solutions Inc is $188.00 
This summary was machine generated from LSEG data November 2 at
02:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.97           1.09           Beat
 Jun. 30 2023      3.11           3.21           Beat
 Mar. 31 2023      2.02           2.05           Beat
 Dec. 31 2022      0.90           0.91           Beat