Virtu Financial preliminary Q2 adjusted EPS beats estimates
Virtu Financial preliminary Q2 adjusted EPS beats estimates
Overview
US market maker's preliminary Q2 normalized adjusted EPS beat analyst expectations
Preliminary adjusted net income for Q2 beat analyst expectations
Company reported preliminary Q2 net income of $285 mln
Outlook
Company did not provide specific guidance or outlook for future quarters or full yr
Result Drivers
TRADING INCOME GROWTH - Preliminary Q2 trading income, net, and adjusted net trading income increased from the prior year period
Company press release: ID:nGNX4J68W4
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Normalized Adjusted EPS | Beat | $1.82 | $1.72 (7 Analysts) |
Q2 Adjusted Net Income | Beat | $292 mln | $236.70 mln (4 Analysts) |
Q2 Net Income |
| $285 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy"
Wall Street's median 12-month price target for Virtu Financial Inc is $66.50, about 2.8% above its July 13 closing price of $64.67
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Brief: Virtu Financial Q2 Normalized Adjusted EPS USD 1.82 Vs. IBES Estimate USD 1.72