Virtu Financial preliminary Q2 adjusted EPS beats estimates
Virtu Financial VIRT | 0.00 |
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
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