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

Virtu Financial

23/01/2024 13:47

* Virtu Financial Inc  VIRT.OQ   VIRT.O  is expected to show
a
fall in quarterly revenue when it reports  results on January 25
for the period ending December 31 2023
    * The New York City-based  company is expected to report a
42.4% decrease in revenue to $286.543 million from $497.77
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Net Revenues)
    * ​LSEG'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 4 "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 $21.00​, above​ its last closing price of $18.81. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.40        0.41       0.45      Beat    10.8
 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.        0.54        0.54       0.61      Beat    12.1
 30 2022                                                
 Jun. 30 2022  0.69        0.70       0.73      Beat    4.5​
 Mar. 31 2022  1.22        1.23       1.27      Beat    3.1
 Dec. 31 2021  0.82        0.80       1.19      Beat    48.5
 This summary was machine generated January 23 at 13:47 GMT.  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)