Virtus Investment Partners Inc expected to post earnings of $6.80 a share - Earnings Preview

Virtus Investment Partners

23/10/2024 14:28

* Virtus Investment Partners Inc  VRTS.N   VRTS.K  is
expected
to show a rise in quarterly revenue when it reports  results on
October 25 for the period ending September 30 2024
    * The Hartford Connecticut-based  company is expected to
report a
5.4% increase in revenue to $208.14 million from $197.45 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 $6.80 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 2 "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 $221.50​, above​ its last closing price
of $215.14. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  6.63        6.61       6.53      Missed  -1.2
 Mar. 31 2024  5.41        5.41       5.41      Met     0.1
 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.        5.88        5.89       5.43      Missed  -7.7
 30 2023                                                
 Mar. 31 2023  3.81        3.82       4.20      Beat    10.1​
 Dec. 31 2022  4.83        4.88       5.17      Beat    6.1
 Jan. 1 0001   6.33        6.39       5.76      Missed  -9.9
 This summary was machine generated October 23 at 13:28 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)