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

Virtu Financial

26/07/2023 14:33

* Virtu Financial Inc  VIRT.OQ  reported quarterly adjusted
earnings of 37 cents​​ per share for the quarter ended in June.
The mean expectation of eight analysts for the quarter was
for earnings of 37 cents per share.
    * Revenue fell 14.3% to $306.17 million from a year ago;
analysts
expected $279.01 million. 
    * Virtu Financial Inc's reported EPS for the quarter was 16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 36.5%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * Virtu Financial Inc shares had risen by 8.3% this
quarter and
lost 9.3% so far this year.
    * The company reported quarterly net income of $16.7
million.
    * Wall Street's median 12-month price target for Virtu
Financial
Inc is $21.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
26 at 01:33 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.37           0.37           Met
 Mar. 31 2023      0.59           0.74           Beat
 Dec. 31 2022      0.52           0.37           Missed
 Sep. 30 2022      0.54           0.61           Beat