Virtu Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

Virtu Financial

24/10/2024 17:22

* Virtu Financial Inc  VIRT.OQ  reported quarterly adjusted
earnings of 82 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 45 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 79 cents per share. Wall
Street expected results to range from 70 cents to 84 cents per
share.
    * Revenue rose 123.6% to $706.84 million from a year ago;
analysts
expected $376.04 million. 
    * Virtu Financial Inc's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $59.95
million.
    * Virtu Financial Inc shares had risen by 6.2% this
quarter and
gained 59.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $33.00 
This summary was machine generated from LSEG data October 24 at
04:22 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
 Sep. 30 2024      0.79           0.82           Beat
 Jun. 30 2024      0.60           0.83           Beat
 Mar. 31 2024      0.53           0.76           Beat
 Dec. 31 2023      0.41           0.27           Missed