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

Virtu Financial

18/07/2024 14:31

* Virtu Financial Inc  VIRT.OQ  reported quarterly adjusted
earnings of 83 cents​​ per share for the quarter ended in June,
higher 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 60 cents per share. Wall
Street expected results to range from 56 cents to 64 cents per
share.
    * Revenue rose 39.3% to $426.40 million from a year ago;
analysts
expected $331.57 million. 
    * Virtu Financial Inc's reported EPS for the quarter was 71
cents​.
    * The company reported quarterly net income of $66.59
million.
    * Virtu Financial Inc shares had risen by 4.7% this
quarter and
gained 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 17.7%
in the last three months.​ 
    * In the last 30 days, two 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 $24.50 
This summary was machine generated from LSEG data July 18 at
01:31 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
 Jun. 30 2024      0.60           0.83           Beat
 Mar. 31 2024      0.53           0.76           Beat
 Dec. 31 2023      0.41           0.27           Missed
 Sep. 30 2023      0.41           0.45           Beat