Virtu Financial Inc reports results for the quarter ended in December - Earnings Summary

Virtu Financial

25/01/2024 14:31

* Virtu Financial Inc  VIRT.OQ  reported quarterly adjusted
earnings of 27 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 37 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 29 cents to 51
cents per share.
    * Revenue fell 46.4% to $266.58 million from a year ago;
analysts
expected $286.54 million. 
    * Virtu Financial Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $5.54
million.
    * Virtu Financial Inc shares had fallen by 5.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.3%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the investment
banking
& brokerage services peer group is also "buy"

Wall Street's median 12-month price target for Virtu Financial
Inc is $21.00 
This summary was machine generated from LSEG data January 25 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.41           0.27           Missed
 Sep. 30 2023      0.41           0.45           Beat
 Jun. 30 2023      0.37           0.37           Met
 Mar. 31 2023      0.59           0.74           Beat