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

• Virtu Financial Inc VIRT reported quarterly adjusted earnings of 76 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of nine analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 36 cents to 70 cents per share.

• Revenue fell 0.8% to $408.10 million from a year ago; analysts expected $318.71 million.

• Virtu Financial Inc's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $55.82 million.

• Virtu Financial Inc shares had risen by 3.3% this quarter and gained 4.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.7% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

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 $21.50

This summary was machine generated from LSEG data April 24 at 01:31 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)