Virtu Financial Inc expected to post earnings of 41  cents a share - Earnings Preview

Virtu Financial

31/10/2023 18:33

* Virtu Financial Inc  VIRT.OQ   VIRT.O  is expected to show
a
fall in quarterly revenue when it reports  results 
    * The New York City-based  company is expected to report  a
48.9% decrease in revenue to $286.945 million from $561.04
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 41 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 $20​, above​ its last closing price of $18.34. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.36        0.37       0.37      Met     1.2
 Mar. 31 2023  0.60        0.59       0.74      Beat    26.1
 Dec. 31 2022  0.49        0.52       0.37      Missed  -29.3​
 Sep. 30 2022  0.54        0.54       0.61      Beat    12.1
 ​​Jun.        0.69        0.70       0.73      Beat    4.5
 30 2022                                                
 Mar. 31 2022  1.22        1.23       1.27      Beat    3.1​
 Dec. 31 2021  0.82        0.80       1.19      Beat    48.5
 Sep. 30 2021  0.62        0.62       0.70      Beat    13.6
 This summary was machine generated October 31 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated