Virtus Investment Partners Inc expected to post earnings of $5.41 a share - Earnings Preview

Virtus Investment Partners

24/04/2024 13:34

* Virtus Investment Partners Inc  VRTS.N   VRTS.K  is
expected
to show a rise in quarterly revenue when it reports  results on
April 26 for the period ending March 31 2024
    * The Hartford Connecticut-based  company is expected to
report a
15.8% increase in revenue to $204.83 million from $176.91
million a year ago, according to the estimate from one analyst,
based on LSEG data. (Sales/Revenue Majority Basis is on Total
Adjusted Revenues)
    * ​LSEG's mean analyst estimate for Virtus Investment
Partners Inc
is for earnings of $5.41 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Virtus
Investment
Partners Inc is $245.00​, above​ its last closing price
of $233.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  5.96        5.96       6.11      Beat    2.6
 Sep. 30 2023  6.17        6.17       6.21      Beat    0.6
 Jun. 30 2023  5.88        5.89       5.43      Missed  -7.7​
 Mar. 31 2023  3.81        3.82       4.20      Beat    10.1
 ​​Dec.        4.83        4.88       5.17      Beat    6.1
 31 2022                                                
 Sep. 30 2022  6.33        6.39       5.76      Missed  -9.9​
 Jun. 30 2022  7.04        7.06       6.86      Missed  -2.8
 Mar. 31 2022  7.90        7.91       7.87      Missed  -0.4
 This summary was machine generated April 24 at 12:34 GMT.  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)