Virtu Financial Inc expected to post earnings of 53 cents a share - Earnings Preview

Virtu Financial

22/04/2024 14:56

* Virtu Financial Inc  VIRT.OQ   VIRT.O  is expected to show
a
fall in quarterly revenue when it reports  results on April 24
for the period ending March 31 2024
    * The New York City-based  company is expected to report a
22.6% decrease in revenue to $318.713 million from $411.51
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 53 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 $21.50​, above​ its last closing price of $21.06. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.36        0.41       0.27      Missed  -33.7
 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.        0.49        0.52       0.37      Missed  -29.3
 31 2022                                                
 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. 31 2022  1.22        1.23       1.27      Beat    3.1
 This summary was machine generated April 22 at 13:56 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)