Virtus Investment Partners Inc reports results for the quarter ended in June - Earnings Summary

Virtus Investment Partners

28/07/2023 14:32

* Virtus Investment Partners Inc  VRTS.OQ  reported
quarterly
adjusted earnings of $5.43​​ per share for the quarter ended in
June. The mean expectation of two analysts for the quarter was
for earnings of $5.89 per share.
    * Revenue fell 4.2% to $190.60 million from a year ago;
analysts
expected $197.52 million. 
    * The mean earnings estimate of analysts had fallen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Virtus Investment Partners Inc shares had risen by 5.9%
this
quarter and gained 9.3% so far this year.
    * Wall Street's median 12-month price target for Virtus
Investment
Partners Inc is $209.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      5.89           5.43           Missed
 Mar. 31 2023      3.82           4.20           Beat
 Dec. 31 2022      4.88           5.17           Beat
 Sep. 30 2022      6.39           5.76           Missed