Virtu Financial Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters
25 Oct 2024

* Virtu Financial Inc reported quarterly adjusted earnings of 82 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of nine analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 70 cents to 84 cents per share.

* Revenue rose 123.6% to $706.84 million from a year ago; analysts expected $376.04 million.

* Virtu Financial Inc's reported EPS for the quarter was 64 cents​.

* The company reported quarterly net income of $59.95 million.

* Virtu Financial Inc shares had risen by 6.2% this quarter and gained 59.7% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had risen by about 12.8% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the investment banking & brokerage services peer group is also "buy"

Wall Street's median 12-month price target for Virtu Financial Inc is $33.00 This summary was machine generated from LSEG data October 24 at 04:22 p.m. UTC. ​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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 0.79 0.82 Beat

Jun. 30 2024 0.60 0.83 Beat

Mar. 31 2024 0.53 0.76 Beat

Dec. 31 2023 0.41 0.27 Missed

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