Broadridge Q1 revenue up 12%, beats estimates

Broadridge Financial Solutions

04/11/2025 12:22

Overview

Broadridge Q1 revenue rises 12%, beating analyst expectations

Adjusted EPS for Q1 increases 51%, surpassing analyst estimates

Company raises FY26 recurring revenue growth outlook to higher end of guidance

Outlook

Broadridge raises FY26 recurring revenue growth forecast to higher end of 5-7% range

Company reaffirms FY26 adjusted EPS growth of 8-12%

Broadridge maintains FY26 closed sales guidance at $290-$330 mln

Result Drivers

RECURRING REVENUE GROWTH - Driven by organic growth and acquisitions in ICS and GTO segments

EVENT-DRIVEN REVENUE - Increase due to higher volume of mutual fund proxy communications

STRATEGIC ACQUISITIONS - Two acquisitions made to strengthen governance business

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.58 bln
$1.53 bln (7 Analysts)
Q1 Adjusted EPS
Beat
$1.51
$1.23 (8 Analysts)
Q1 EPS
$1.40
Q1 Net Income
$165.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the professional information services peer group is "buy"

Wall Street's median 12-month price target for Broadridge Financial Solutions Inc is $280.00, about 21% above its November 3 closing price of $221.18

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPnlpl85a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)