Virtu Financial Inc expected to post earnings of 37  cents a share - Earnings Preview

Virtu Financial

24/07/2023 19:31

* Virtu Financial Inc  VIRT.OQ   VIRT.O  is expected to show
a
fall in quarterly revenue when it reports  results on July 26. 
    * The New York City-based  company is expected to report  a
21.9% decrease in revenue to $279.012 million from $357.36
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Virtu Financial Inc
is
for earnings of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Virtu
Financial
Inc is $21​, above​ its last closing price of $18.52. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.60        0.59       0.74      Beat    26.1
 Dec. 31 2023  0.49        0.52       0.37      Missed  -29.3
 Sep. 30 2022  0.54        0.54       0.61      Beat    12.1​
 Jun. 30 2022  0.69        0.70       0.73      Beat    4.5
 ​​Mar.        1.22        1.23       1.27      Beat    3.1
 31 2022                                                
 Dec. 31 2021  0.82        0.80       1.19      Beat    48.5​
 Sep. 30 2021  0.62        0.62       0.70      Beat    13.6
 Jun. 30 2021  0.72        0.76       0.63      Missed  -17.1
 This summary was machine generated July 24 at 18:31 GMT.  All
figures in US dollars  unless otherwise stated