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

Virtu Financial

02/11/2023 19:46

* Virtu Financial Inc  VIRT.OQ  reported quarterly adjusted
earnings of 45 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 61 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 37 cents to 42
cents per share.
    * Revenue fell 43.7% to $316.09 million from a year ago;
analysts
expected $286.94 million. 
    * Virtu Financial Inc's reported EPS for the quarter was 63
cents​.
    * The company reported quarterly net income of $61.92
million.
    * Virtu Financial Inc shares had risen by 5.9% this
quarter and
lost 10.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.5%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Virtu
Financial
Inc is $20.00 

This summary was machine generated from LSEG data November 2 at
07:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.52           0.37           Missed